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JSE still in red on US debt ceiling

Jul 29 2011 13:22 I-Net Bridge

Company Data

All Share [JSE : J203]

Last traded R33,104.06
Change R111.81
% Change 0.34%
Cumulative volume 0
Market cap R0.00

Last Updated: 28/05/2012 at 17:43. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - The JSE continued in the red at noon, still taking direction from the negative sentiment coming out of the indecision regarding the US debt ceiling.

A local trader said the debt ceiling uncertainty still remained a driver of the markets into negative territory.

By 12:02 local time, the JSE All Share [JSE:J203] index was down 0.14%, with platinum miners shedding 0.67%, resources losing 0.32%, banks dropping 0.18%, financials down 0.17% and industrials dropping 0.03%. Gold miners were the single performers, taking 1.55%

The rand was bid at 6.74 to the dollar, from 6.70 at the JSE's close on Thursday. Gold was quoted at US$1 615.21 a troy ounce from US$1 608.34/oz at the JSE's previous close, while platinum was at $1 781.50/oz, from $1 790/oz previously.

European stocks slumped and the euro slid on Friday as sovereign debt fears gripped the market once again, after Moody's Investors Service placed Spain's "Aa2" rating on review for a possible downgrade and threatened to lower its ratings of four Spanish banks, including Banco Santander.

At local time, London's FTSE 100 was down 0.55%, and Paris's CAC-40 was 0.84% lower.

In Asia, markets ended mostly lower on Friday as the cancellation of the US House vote on the debt ceiling undermined investor confidence, with the Australian market falling to a 10-month low.

Japan's Nikkei Stock Average fell 0.7% and Hong Kong's Hang Seng Index was down 0.6%.

 
 
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