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JSE flat; eyes fiscal cliff

Johannesburg – The JSE was flat on Friday morning due to thin trading levels. World markets are eyeing the US fiscal-cliff discussion later in the day.

US President Barack Obama and Congressional leaders are set for discussion on Friday to settle their budget differences before spending cuts and higher taxes take effect at the end of the year.

At 9:21‚ the JSE’s All Share [JSE:J203] index was flat (-0.03%) at 39 415.66 points. Gold miners added 1.11% in value.

“Nothing is really happening at the moment‚ trading has a real holiday feel to it. We have very thin trading conditions‚” a local trader said.

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Rand - Dollar
18.87
+0.3%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.38
+0.3%
Rand - Aus dollar
12.32
+0.2%
Rand - Yen
0.12
+0.3%
Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
87.00
+1.8%
Top 40
68,346
0.0%
All Share
74,536
0.0%
Resource 10
57,251
0.0%
Industrial 25
103,936
0.0%
Financial 15
16,502
0.0%
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