• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
See More

JSE off its highs‚ awaiting data

Dec 06 2012 11:12 I-Net Bridge

Related Articles

All Share hits new record high

JSE hits another high

JSE closes at fresh all-time high

JSE slips after fresh record peak

Current account deficit widens

SA's current account deficit widens

Johannesburg — The JSE All Share [JSE: J203] index on Thursday morning was just shy of the record high reached on Wednesday‚ with some profit-taking and market consolidation seen‚ while market participants are awaiting a deluge of economic figures due on Thursday morning.

The third-quarter current account deficit will be released at 10:00‚ followed by the South African Chamber of Commerce and Industry’s (SACCI’s) November business confidence print at 11:30.
Further afield‚ the eurozone will release its third-quarter gross domestic product (GDP) figures at noon and the Bank of England is announcing its decision on interest rates at 14:45.

At 9:35 the JSE all share index was flat (-0.05%) at 38 169.23 points‚ with the Top 40 - (Tradeable) [JSE:J200] softer (-0.10%) at 33 894.00 points.

Platinum stocks show mild upside‚ adding 0.10%‚ while gold miners led the downside‚ followed by banks‚ falling 1.74% and 0.39% respectively.

Asian markets were mixed‚ with the Japanese Nikkei 225 adding 0.81% and the Hong Kong Hang Seng index 0.19% softer‚ after closing 2.16% higher on Wednesday due to possible monetary stimulus in the pipeline in China.
Meanwhile‚ the fiscal cliff negotiations in the US continue.

RMB said: “The market mood has been boosted by President Barack Obama saying a deal could be achieved in a week if Republicans agreed to tax increases — even though this was said more in hope than as a prediction. Negotiations have become more complicated by the suggestion that the fiscal cliff and the debt ceiling‚ the limit on bond issuance that will be hit in February‚ will resolved all in one bill.”

On local markets‚ the tug of war between the bond-positive global backdrop and the deteriorating domestic milieu will be brought into focus with the release of third quarter 2012 current account data in the Reserve Bank’s Quarterly Bulletin‚ RMB said.

“We expect a slight widening in the deficit‚ from 6.4% of GDP to 6.6% which is only slightly below the consensus forecast of 6.7%. While the deterioration in the current account balance is expected to have been due to the widening trade deficit‚ incomes payments pose the main risk to the number‚” RMB said.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

bank of england  |  eurozone economy  |  gdp  |  jse  |  markets

JSE reaches new peak

2014-04-24 18:16


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.

The rich will pay - Mpofu

The EFF in Gauteng will focus all its energy on improving the lives of the poor, the party's premier candidate Dali Mpofu says.


Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...