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.