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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