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JSE off all-time high on US concerns

Dec 20 2012 10:54 I-Net Bridge


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Johannesburg – The JSE was a little softer on Thursday morning‚ albeit still above the 39 000 point threshold‚ after having reached another high on Thursday. But concerns about the looming US fiscal cliff have flared up again after politicians could not agree on a resolution. 

At 9:44am‚ the All Share [JSE:J203] index was down 0.12% to 39 119.14 points. 

Gold miners were leading the upside adding 0.20%‚ while platinums were down the most shedding 0.45%. 

“The big news is concern about the US having reached a deadlock about the fiscal cliff and with only 12 days left to solve the problem investors are starting to worry again. The Bank of Japan announced further monetary stimulus this morning - they are going to buy more bonds‚ and this should be positive for global markets‚” a local trader said. 

In the east the Hong Kong Hang Seng Index was flat (-0.01) at 09:29 local time.

 

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jse  |  markets  |  us fiscal cliff
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