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Johannesburg - The JSE maintained a positive tone at noon on Tuesday, with all indices save for gold put it up healthy gains, in line with global markets.
At 12:00 local time, the JSE All Share [JSE:J203] index was up 0.64% to 34 119.27 points, with banks lifting 0.70%, resources adding 0.74%, and platinum miners rising 0.76%.
Financials were 0.57% firmer, industrials garnered 0.69%, while gold miners were flat (-0.07%).
The rand was trading at R7.51 to the US dollar, from R7.57 at the JSE's close on Monday. Gold was quoted at $1 699.97 a troy ounce from $1 697.70 at the JSE's previous close, while platinum was at $1 700/oz, from $1 685/oz.
"Although we are back above the 34 000 level on the all-share index, the resources sector is still lagging behind," said Drikus Combrinck, portfolio manager at PSG Konsult.
European stocks were up on Tuesday as investors breathed a sigh of relief that euro-group ministers had agreed "politically" on Greece's second bailout worth €130bn, but concerns regarding Spain could hold markets back from making significant gains, Dow Jones Newswires reported.
Eurozone finance ministers have given Spain a new official 2012 budget deficit target of 5.3%, up from a previous level of 4.4%, in an effort to make the country get its public spending under control. Spain has also been set a target of 3% for 2013, the maximum level allowed under the new European fiscal compact.
London's FTSE 100 was 0.75% higher at 5 963.90 points.
In Asia, stock markets rallied as banks and commodity-linked stocks climbed on positive cues from US equities, although Japanese shares gave back a bulk of their early gains after the nation's central bank didn't loosen its monetary policy further.
Hong Kong's Hang Seng Index climbed 1.0% and China's Shanghai Composite Index edged up 0.9%. The Nikkei Stock Average rose 0.1% in Tokyo, well off the day's peak above the 10 000-point level.
In other economic news, the US Federal Reserve is scheduled to release its interest rate announcement later in the day.
At 12:00 local time, the JSE All Share [JSE:J203] index was up 0.64% to 34 119.27 points, with banks lifting 0.70%, resources adding 0.74%, and platinum miners rising 0.76%.
Financials were 0.57% firmer, industrials garnered 0.69%, while gold miners were flat (-0.07%).
The rand was trading at R7.51 to the US dollar, from R7.57 at the JSE's close on Monday. Gold was quoted at $1 699.97 a troy ounce from $1 697.70 at the JSE's previous close, while platinum was at $1 700/oz, from $1 685/oz.
"Although we are back above the 34 000 level on the all-share index, the resources sector is still lagging behind," said Drikus Combrinck, portfolio manager at PSG Konsult.
European stocks were up on Tuesday as investors breathed a sigh of relief that euro-group ministers had agreed "politically" on Greece's second bailout worth €130bn, but concerns regarding Spain could hold markets back from making significant gains, Dow Jones Newswires reported.
Eurozone finance ministers have given Spain a new official 2012 budget deficit target of 5.3%, up from a previous level of 4.4%, in an effort to make the country get its public spending under control. Spain has also been set a target of 3% for 2013, the maximum level allowed under the new European fiscal compact.
London's FTSE 100 was 0.75% higher at 5 963.90 points.
In Asia, stock markets rallied as banks and commodity-linked stocks climbed on positive cues from US equities, although Japanese shares gave back a bulk of their early gains after the nation's central bank didn't loosen its monetary policy further.
Hong Kong's Hang Seng Index climbed 1.0% and China's Shanghai Composite Index edged up 0.9%. The Nikkei Stock Average rose 0.1% in Tokyo, well off the day's peak above the 10 000-point level.
In other economic news, the US Federal Reserve is scheduled to release its interest rate announcement later in the day.
