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Johannesburg - The JSE closed in positive territory on Thursday, tracking international markets.
A local trader said the market had held up pretty well in the face of lower US futures. Despite negative futures, the US market rose into the black buoyed by some positive sentiment ahead of President Barack Obama's speech later in the day.
By 17:00 local time, the JSE All-share [JSE:J203] index had lifted 1.32%. Gold miners took pole position up 2.63%, while resources lifted 1.56%. Platinum miners, however, lost 1.97%. Banks picked up 2.23%, financials garnered 1.71% and industrials collected 0.99%.
The rand was unchanged at 7.14 from the JSE's close on Wednesday. Gold was trading at $1 855.32 per ounce from $1 810.95 at the JSE's previous close, while platinum was at $1 846.50/oz, from $1 822.50/oz previously.
Dow Jones Newswires reported that US stocks bounced between small gains and losses on Thursday morning, as investors digested another weak reading on the jobs market ahead of glimpses into the efforts of policymakers and central bankers to help the struggling economy.
At 17:00 local time the Dow Jones Industrial Average had gained 0.18%.
Thursday's glimpse into the state of US employment comes just before Obama intends to lay out a plan to spur job growth. The president is scheduled to address Congress at 19:00 on his plan to increase jobs and reduce the deficit.
Investors are looking ahead to the speech, and also to Federal Reserve chairperson Ben Bernanke's speech in Minneapolis, scheduled for 13:30 EDT, for any clues of what the White House and central bankers intend to do about the sluggish economic recovery.
A local trader said the market had held up pretty well in the face of lower US futures. Despite negative futures, the US market rose into the black buoyed by some positive sentiment ahead of President Barack Obama's speech later in the day.
By 17:00 local time, the JSE All-share [JSE:J203] index had lifted 1.32%. Gold miners took pole position up 2.63%, while resources lifted 1.56%. Platinum miners, however, lost 1.97%. Banks picked up 2.23%, financials garnered 1.71% and industrials collected 0.99%.
The rand was unchanged at 7.14 from the JSE's close on Wednesday. Gold was trading at $1 855.32 per ounce from $1 810.95 at the JSE's previous close, while platinum was at $1 846.50/oz, from $1 822.50/oz previously.
Dow Jones Newswires reported that US stocks bounced between small gains and losses on Thursday morning, as investors digested another weak reading on the jobs market ahead of glimpses into the efforts of policymakers and central bankers to help the struggling economy.
At 17:00 local time the Dow Jones Industrial Average had gained 0.18%.
Thursday's glimpse into the state of US employment comes just before Obama intends to lay out a plan to spur job growth. The president is scheduled to address Congress at 19:00 on his plan to increase jobs and reduce the deficit.
Investors are looking ahead to the speech, and also to Federal Reserve chairperson Ben Bernanke's speech in Minneapolis, scheduled for 13:30 EDT, for any clues of what the White House and central bankers intend to do about the sluggish economic recovery.
