JSE pushes higher as global mood improves

Improved global investor sentiment helped the JSE push higher in broad-based gains on Wednesday morning, but an air of caution remains.

Global equities had registered sharp losses on Friday and Monday, but were pushing higher on Wednesday, amid a litany of threats.

At 10.02am the all share was up 0.5% to 55,919.3 points and the top 40 0.52%. Banks were up 1.01% and platinums 0.91%.

Gold was flat was at $1,314.37/oz while platinum was up 0.22% to $861.98. Brent crude rose 0.16% to $68.14.

Uncertainty over Brexit continues, with the UK parliament expected to conduct a series of votes later on Wednesday as it attempts to chart a way forward. US-China trade negotiations resume on Thursday, when the Reserve Bank announce its latest stance on monetary policy.

Source: businesslive.co.za