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China rate cut fails to lift lacklustre JSE

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Johannesburg - Not even the news that China cut its interest rates at the weekend for the second time since October could give the JSE a lift on Monday morning.

After an initial positive reaction to the news from China, the major indices on the JSE came to a virtual standstill and by midday were marginally lower than at Friday’s close. This has been the pattern for the past few days after a record-breaking run earlier in the month. The market gained 3.85% in February.

Asian markets mostly rose on Monday after China at the weekend cut interest rates for the second time since November, while European markets clung to last week’s record-breaking gains.

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Rand - Dollar
18.92
+0.1%
Rand - Pound
23.87
+0.2%
Rand - Euro
20.39
+0.2%
Rand - Aus dollar
12.32
+0.1%
Rand - Yen
0.13
+0.1%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent-ruolie
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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