A jump to the left…
The two heavyweights on the market, Anglo American (3.26%) and BHP Billiton (3.88%), were the highest performers while Kumba and Mittal Steel played supporting roles.
According to The Efficient Group the currency stayed on the sidelines - the rand gained a little against the dollar while slipping slightly against the euro.
On the commodity front gold performed well to stay close to its recent highs. Platinum slipped lower and the oil price came close to break below the $60 per barrel level as Rita was not as wild as expected which lead the European and US markets a little higher – with a sigh of relief.
The Far East ignored the positive US and European markets as profit takers dominate this morning. Trading on the JSE is expected to remain furious, swift and busy although the direction is murky - our call is for a green day.
According to The Efficient Group the currency stayed on the sidelines - the rand gained a little against the dollar while slipping slightly against the euro.
On the commodity front gold performed well to stay close to its recent highs. Platinum slipped lower and the oil price came close to break below the $60 per barrel level as Rita was not as wild as expected which lead the European and US markets a little higher – with a sigh of relief.
The Far East ignored the positive US and European markets as profit takers dominate this morning. Trading on the JSE is expected to remain furious, swift and busy although the direction is murky - our call is for a green day.
