• Inside Labour

    A smokescreen of misleading rhetoric won't make SA's problems go away, says Terry Bell.

  • Singapore shows the way

    SA badly needs leaders like the man who turned Singapore around, says Leopold Scholtz.

  • Israeli high-tech flies

    There is rising demand for the country’s high-tech products, says Arthur Goldstuck.

Loading...
See More

Banks and financials boost JSE

Feb 28 2013 11:26 I-Net Bridge


Related Articles

JSE slips to December lows

Italian stalemate drags JSE down

Miners drag JSE to 8-week lows

JSE lower‚ awaits GDP numbers

Banks‚ platinums lead JSE firmer

JSE slightly stronger‚ awaiting budget

 
Johannesburg - The JSE opened in positive territory on Thursday morning‚ with banks and financial stocks buoying the local bourse. The gold index was off 0.70%‚ while all other major indices made gains.

The market now awaits the January trade balance print‚ which is due at 14:00.

With no surprises in the Finance Minister’s budget speech on Wednesday no effect was felt on the JSE.

At 9:51 the All Share [JSE:J203] was up 0.54% at 39 488.67‚ with banks adding 1.07% and financials up 0.96%.

“The Italian problems remain but the markets have been cheered by the Italian government’s ability to get away its bonds at yesterday’s auction‚” Rand Merchant Bank said in a morning note.

“Other news is generally positive. US data remains upbeat. Iran seems open to more talks on the nuclear situation. In Japan‚ Kuroda has been formally proposed as the new Bank of Japan’s governor. We will receive the second read of the fourth quarter 2012 US GDP number late this afternoon‚ which is expected to show a sharp upward revision. The US sequester kicks in tonight - $85bn of spending cuts‚” the bank said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

markets; jse

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

People who fall victim to Ponzi scams are:

Previous results · Suggest a vote

Loading...