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JSE in the red over global pressure

Johannesburg — The JSE was in the red at noon on Monday as mixed global data added pressure to local markets.

“The JSE is down on the back of both positive and negative data from the US and China. Germany cut its interest rates‚ and‚ being the biggest economy in Europe‚ this highlighted that economic conditions in the EU and the rest of the world were still under pressure‚” Vunani Private Clients global market analyst Kuziva Muganiwa said.

At 12:00‚ the All Share [JSE:J203] index was down 0.20% to 38‚117.74 points‚ with the banking index shedding 0.75% and the platinum index adding 0.87%.

“China also reported a rise in inflation and this‚ coupled with other economic news and data‚ is creating negative sentiment; this is bad for South African markets. Appetite for emerging markets is at a low‚” he said.
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Rand - Dollar
19.00
-0.3%
Rand - Pound
24.11
-0.0%
Rand - Euro
20.61
-0.1%
Rand - Aus dollar
12.38
+0.4%
Rand - Yen
0.13
+0.6%
Platinum
901.60
-0.1%
Palladium
998.41
-0.8%
Gold
2,154.06
-0.3%
Silver
24.96
-0.3%
Brent Crude
86.89
+1.8%
Top 40
65,526
-1.1%
All Share
71,751
-0.9%
Resource 10
52,809
-1.0%
Industrial 25
99,160
-1.3%
Financial 15
16,511
-0.7%
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