South African futures rose on Friday as Chinese data and plans by President Donald Trump to reduce US taxes boosted global market sentiment.
The Dow Jones industrial average was 0.26% higher in early evening trade. European markets were also higher‚ with the FTSE 100 adding 0.42%.
Commodity prices were mixed with spot gold slightly firmer at $1‚230.77 an ounce. Platinum shed 0.72% to $1‚001.73 an ounce.
Government’s official economic growth forecast for 2017 is 1.3%The government’s official growth forecast for the country’s economy for 2017 is 1.3%‚ the Presidency reaffirmed on Sunday.
The JSE all share closed 1.51% higher at 52‚687.30 points and the blue-chip top 40 rose 1.65%. Banks gained 2.27%‚ general retailers 2.03%‚ food and drug retailers 1.87%‚ and financials 1.61%. Property rose 1.24%. The gold index shed 2.03% and platinums dropped 0.97%.
The all share ended the week 0.81% up and is 4.02% higher for the year so far.
At 5.45pm‚ the local near-dated top-40 Alsi futures index was 1.58% higher at 45‚960 points with 32‚792 contracts traded from Thursday’s 20‚633.
— TMG Digital
Futures higher as Chinese data‚ Trump tax plan boost JSE
South African futures rose on Friday as Chinese data and plans by President Donald Trump to reduce US taxes boosted global market sentiment.
The Dow Jones industrial average was 0.26% higher in early evening trade. European markets were also higher‚ with the FTSE 100 adding 0.42%.
Commodity prices were mixed with spot gold slightly firmer at $1‚230.77 an ounce. Platinum shed 0.72% to $1‚001.73 an ounce.
The JSE all share closed 1.51% higher at 52‚687.30 points and the blue-chip top 40 rose 1.65%. Banks gained 2.27%‚ general retailers 2.03%‚ food and drug retailers 1.87%‚ and financials 1.61%. Property rose 1.24%. The gold index shed 2.03% and platinums dropped 0.97%.
The all share ended the week 0.81% up and is 4.02% higher for the year so far.
At 5.45pm‚ the local near-dated top-40 Alsi futures index was 1.58% higher at 45‚960 points with 32‚792 contracts traded from Thursday’s 20‚633.
— TMG Digital
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