Johannesburg - The JSE share market edged lower during its
opening session on Thursday in a sign of caution ahead of the outcome of the US
Federal Reserve two-day policy meeting‚ in which some stimulus measures are
expected.
At 9.50am‚ the JSE All Share [JSE:J203] index was down 0.22%
to 35‚657.74 points‚ with the banking index dropping 1.16% and platinum shares
easing 0.87%.
“We are seeing a bit of a risk-off mode going into the Fed
meeting. The big question about bond purchases‚ if at all they are unveiled‚ is
what form they would take‚” said Devin Shutte‚ a trader at stockbrokerage‚
Newstrading.
European shares were fairly mixed in tentative trade‚ with
London FTSE 100 index last up 0.12%.
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