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Johannesburg - The JSE was flat at its opening on Wednesday as markets await key economic data out of the US and the eurozone later.
At 09:14 local time, the JSE All Share [JSE:J203] index was flat (0.03%) at 34,226.07 points. Platinum miners were 0.25% stronger, banks added 0.20%, and gold miners were 0.14% higher. Financials rose 0.10%, while resources were flat at 0.06%, as were industrials (0.04%).
The rand was at R7.46 to the US dollar, from R7.52 at the JSE's close on Tuesday. Gold was quoted at $1 787.02 a troy ounce from $1 779.94/oz at the JSE's previous close, while platinum was at $1 721.99/oz, from $1 714/oz.
"Major stocks are fairly flat as they await information around the allocation of LTRO funds expected out of the eurozone later this afternoon. They are also keeping an eye out for key economic data out of the US later, which could be market moving," said Nilan Morar, trader at Global Trader.
Asian shares rose on Wednesday, led by the Australian and Japanese bourses scaling multimonth highs with Tokyo stocks buoyed by upbeat industrial production data, Dow Jones Newswires reports.
Regional sentiment received a boost from oil's continued retreat from nine-month highs and Wall Street's positive showing on Tuesday, where the Dow Jones Industrial Average closed above 13 000 points for the first time in nearly four years.
Oil prices pulled back again on Tuesday and provided relief to investors worried about a potentially fresh rise in global inflation and growth headwinds.
The Nikkei is flat, the S&P/ASX rises 0.8%, the HSI adds 0.2%, the Kospi adds 1.3%, the Sensex gains 1.2%, while the Shanghai Composite bucks the region to fall 0.6%.
At 09:14 local time, the JSE All Share [JSE:J203] index was flat (0.03%) at 34,226.07 points. Platinum miners were 0.25% stronger, banks added 0.20%, and gold miners were 0.14% higher. Financials rose 0.10%, while resources were flat at 0.06%, as were industrials (0.04%).
The rand was at R7.46 to the US dollar, from R7.52 at the JSE's close on Tuesday. Gold was quoted at $1 787.02 a troy ounce from $1 779.94/oz at the JSE's previous close, while platinum was at $1 721.99/oz, from $1 714/oz.
"Major stocks are fairly flat as they await information around the allocation of LTRO funds expected out of the eurozone later this afternoon. They are also keeping an eye out for key economic data out of the US later, which could be market moving," said Nilan Morar, trader at Global Trader.
Asian shares rose on Wednesday, led by the Australian and Japanese bourses scaling multimonth highs with Tokyo stocks buoyed by upbeat industrial production data, Dow Jones Newswires reports.
Regional sentiment received a boost from oil's continued retreat from nine-month highs and Wall Street's positive showing on Tuesday, where the Dow Jones Industrial Average closed above 13 000 points for the first time in nearly four years.
Oil prices pulled back again on Tuesday and provided relief to investors worried about a potentially fresh rise in global inflation and growth headwinds.
The Nikkei is flat, the S&P/ASX rises 0.8%, the HSI adds 0.2%, the Kospi adds 1.3%, the Sensex gains 1.2%, while the Shanghai Composite bucks the region to fall 0.6%.
