Fin24

JSE flat; eyes fiscal cliff

2012-12-28 10:32

Johannesburg – The JSE was flat on Friday morning due to thin trading levels. World markets are eyeing the US fiscal-cliff discussion later in the day.


US President Barack Obama and Congressional leaders are set for discussion on Friday to settle their budget differences before spending cuts and higher taxes take effect at the end of the year.

At 9:21‚ the JSE’s All Share [JSE:J203] index was flat (-0.03%) at 39 415.66 points. Gold miners added 1.11% in value.

“Nothing is really happening at the moment‚ trading has a real holiday feel to it. We have very thin trading conditions‚” a local trader said.