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JSE up after US fiscal deal

Jan 02 2013 10:37 I-Net Bridge

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Johannesburg - The JSE jumped over 1% on Wednesday morning as a last minute US deal averted the fiscal cliff.

“The JSE and global markets are up on the back of the deal which averted the US fiscal cliff‚” a local trader said.

At 09.17am‚ the all share index was 1.31% higher at 39‚764.51 points. 

The resources index increased by 2.27%‚ followed by a 1.45% hike in the gold mining index and a 1.02% rise in the banking index.

On the JSE‚ BHP Billiton (JSE:BIL) notched up 3.11% to R301.99‚ Anglo (JSE:AGL) rose 2.80% to R266.86‚ ArcelorMittal (JSE:ACL) gained 2.06% to R36.74 and Exxaro (JSE:EXX) was 2.36% up at R172.99.

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