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JSE edges lower ahead of Fed

Sep 13 2012 10:53 I-Net Bridge

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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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