Fin24

JSE up after Fed decision

2012-12-13 10:50

Johannesburg – The JSE continued its strong run on Thursday morning as traders reacted to news from the US.

At 9:49‚ the All Share [JSE:J203] index was up 0.07% to 38 789.04 points‚ with gold miners leading the way‚ adding 1.04% followed by platinum miners‚ which rose 1.07%.

“The JSE is up this morning after the Fed said it would continue to purchase bonds to stimulate the economy‚” said Mark Kalkwarf‚ a senior portfolio manager from the Iquad Group.