Market Commentary - JSE Flat As Traders Await Economic Data; Meeting Outcome

Market Commentary - JSE Flat As Traders Await Economic Data; Meeting Outcome

Flat: That’s how the JSE ended Monday’s trading sessions. The reason? As mentioned in yesterday’s note, traders are awaiting central bank decisions from the ECB, Federal Reserve and Bank of Japan.

Additionally, the outcome of the G7 Summit is still being assessed while we also await the outcome of the meeting between US President Donald Trump and North Korean leader Kim Jong Un.

For the session, the All Share Index closed only slightly close lower (-0.07%) while the Top 40 ended 1 point higher at 0.00%.

In terms of sectors, the Resources 10 added 0.25%, the Industrial 25 was higher by 0.09% while the Financial 15 lost 0.52%.

In Europe, the DAX, FTSE100 and CAC 40 were up by 0.60%, 0.73% and 0.43% respectively.

In currencies, the South African Rand trades as follows:

USDZAR +0.04% to 13.16
GBPZAR -0.06% to 17.60
EURZAR -0.06% to 15.50

Gold trades at $1302, Platinum at $906 while Brent Crude Oil is at $76.52.

International Markets

This morning, Asian equities are as follows:

Nikkei 225 (+0.58%)
Hang Seng (+0.36%)
Shanghai Composite (-0.26%)

Latam Markets closed as follows:

Merval 25 (+0.47%)
Bovespa (+0.47%)
INMEX (+0.62%)

Aus miners:

BHP Billiton (-1.10%)
Rio Tinto (-1.45%)
S32 (-2.08%)

FANGs:

Facebook (+1.29%)
Amazon (+0.30%)
Netflix (+0.24%)
Google (+0.72%)

FTSE Miners:
Anglo American plc (+1.29%)
BHP Billiton plc (+0.29%)
Glencore plc (+1.34%)

Alibaba closed higher by 0.30% while Tencent is higher by 0.19% in afternoon trade in Hong Kong.

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