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Johannesburg - The JSE extended morning
losses in midday trade on Thursday, as disappointing PMI manufacturing
data out of the eurozone weighed on global investor sentiment.
By 12:00 local time, JSE All Share [JSE:J203] index was down 0,93% to 30 716.49 points. Gold shares slipped 0.19%, resources gave up 1.38%, and platinum counters declined 0.64%. Banks were 1.61% lower and financials shed 1.16%. Industrials lost 0.44%
The rand was trading at 7.00 to the dollar, from 6.99 at the JSE's close on Wednesday. Gold was trading at $1 819.75 a troy ounce from $1 828.32 at the JSE's previous close, while platinum was at $1 842.50/oz, from $1 852.50/oz previously.
"The PMI manufacturing data out of Italy and France was below 50 index points, which meant contraction, while Germany was slightly better. This was a reminder that that the eurozone is still experiencing slower growth," said Nick Kunze, head of dealing at BJM Private Client Services.
Dow Jones Newswires reported that activity in the eurozone as a whole contracted in August for the first time in nearly two years and the weakness was not confined to the peripheral member states.
The German PMI slipped to 50.9, just above the 50 level that separated expansion from contraction. This was much worse than economists' expectations of 52. In France and Italy, manufacturing activity also shrank by more than economists had predicted.
London's FTSE 100 was down 0.42% to 5 371.82 points.
Asian equity markets ended mostly higher on Thursday, with sentiment supported by signs of an improvement in Chinese and US manufacturing data.
Japan's Nikkei Stock Average advanced 1.2%, South Korea's Kospi traded flat, while Australia's S&P/ASX 200 index added 0.3%.
Bucking the trend, China's Shanghai Composite declined 0.4%.
Asian shares dropped heavily in August as investors fretted about US economic growth, although gloom started to lift by the end of the month, after the US Federal Reserve signalled that it may act to support the economy.
By 12:00 local time, JSE All Share [JSE:J203] index was down 0,93% to 30 716.49 points. Gold shares slipped 0.19%, resources gave up 1.38%, and platinum counters declined 0.64%. Banks were 1.61% lower and financials shed 1.16%. Industrials lost 0.44%
The rand was trading at 7.00 to the dollar, from 6.99 at the JSE's close on Wednesday. Gold was trading at $1 819.75 a troy ounce from $1 828.32 at the JSE's previous close, while platinum was at $1 842.50/oz, from $1 852.50/oz previously.
"The PMI manufacturing data out of Italy and France was below 50 index points, which meant contraction, while Germany was slightly better. This was a reminder that that the eurozone is still experiencing slower growth," said Nick Kunze, head of dealing at BJM Private Client Services.
Dow Jones Newswires reported that activity in the eurozone as a whole contracted in August for the first time in nearly two years and the weakness was not confined to the peripheral member states.
The German PMI slipped to 50.9, just above the 50 level that separated expansion from contraction. This was much worse than economists' expectations of 52. In France and Italy, manufacturing activity also shrank by more than economists had predicted.
London's FTSE 100 was down 0.42% to 5 371.82 points.
Asian equity markets ended mostly higher on Thursday, with sentiment supported by signs of an improvement in Chinese and US manufacturing data.
Japan's Nikkei Stock Average advanced 1.2%, South Korea's Kospi traded flat, while Australia's S&P/ASX 200 index added 0.3%.
Bucking the trend, China's Shanghai Composite declined 0.4%.
Asian shares dropped heavily in August as investors fretted about US economic growth, although gloom started to lift by the end of the month, after the US Federal Reserve signalled that it may act to support the economy.
