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Johannesburg - The JSE saw a flat start on Wednesday morning with little direction from eastern markets, with a trader
noting that the bourse would have to wait for European markets to see any real moves.
At 09:20 the JSE all share index was flat, up 0.14%, with resources edging up 0.29%. Platinum and gold producers collected 0.80% and 0.53% respectively.
Banks were up 0.26% and financials inched up 0.10%, but industrials were flat, easing 0.01%.
The rand was bid at R7.44 to the dollar, from R7.45 when the JSE closed on Tuesday. Gold was quoted at $1 140.82 a troy ounce from $1 132.75 at the JSE's last close, and platinum was at $1 450/oz, from $1 454/oz at its
previous close.
We had a bit of a flattish start on the market this morning. The US did manage to recuperate some of its losses and end up. Eastern markets were initially up, but then gave back those gains," the trader said.
"We have already priced in those gains. US futures are slightly negative to flat at the moment. There is little direction. We will have to wait for the European markets to open before we can see any real moves," he said.
- I-Net Bridge