Johannesburg - The JSE edged lower at the start of trading
on Wednesday‚ in line with leading world markets‚ as continuing global growth
worries weighed on investor sentiment.
At 9:39am the JSE All Share [JSE:J203] index was down 0.14%
at 36‚019.81 points‚ while the Top 40 - (Tradeable) [JSE:200] index had shed
0.17% to 31‚885.70 points.
“The global backdrop is ... negative. Fears over the global
economy and what the US corporate reporting season will bring have combined
with a negative International Monetary Fund (IMF) assessment on Spain’s budget
to cause a minor bout of risk aversion. Global equities and risk assets already
felt the hit yesterday but look to continue the negative tone today‚” RMB
analysts said in a note.
European shares were flat to slightly lower at the opening‚
with London’s FTSE 100 slipping 0.17%.
In Asia‚ Japan’s Nikkei 225 closed 1.98% weaker.
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