JSE trades flat as markets waits for new catalysts

The JSE was flat on Tuesday morning, with a slightly firmer rand benefiting general retailers, although miners were under a little pressure.

Trade was subdued on Monday, and was expected to continue to be muted on Tuesday, ahead of key risk events.

Wednesday will be busy and should give details on global monetary policy, with a European Central Bank policy announcement due, while the US Federal Reserve will release minutes from its last meeting.

EU leaders are also set to meet on Wednesday to consider a request by UK Prime Minister Theresa May to delay Brexit until June 30, as she struggles to find consensus among British MPs.

Some focus this week is also on US corporate earnings, with a number of major US financial institutions reporting on Friday.

Source: businesslive.co.za