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The JSE ended lower on Monday following poor performance by Naspers and gold miners. Shortly after the closing bell, the All Share was down by 0.12%.
Wall Street edged higher on Monday as investors cheered the prospect of additional monetary stimulus from key central banks. The Dow was up by 0.90% shortly after the JSE closed.
An unexpected rise in German exports boosted European shares on Monday amid high expectations of additional stimulus by the European Central Bank (ECB). At about 20h15, the DAX was up by 0.28%.
Asian markets were flat against a strong dollar on Monday after China introduced new stimulus measures to boost the economy amid stiff trade tariffs. The Hang Seng Index closed 0.01% in the green.
Japanese shares rose on optimism that fresh stimulus from key central banks could help avoid a global recession. The Nikkei Index closed 0.56% in the green.
The rand firmed on Monday afternoon as investors grew optimistic over the prospect of fresh monetary and fiscal stimulus. Just after the JSE closed, the rand strengthened to R14.76/$.
Gold prices rebounded from a two-week low recorded in the previous session on Monday, amid increased hopes of monetary policy easing. At 20h30, an ounce of spot gold traded at $1 501.17.
Oil prices went up on Monday after Saudi Arabia announced its new energy minister, a strategic move that could reinforce an output-cutting deal between Opec and other oil producers. At 20h45, a barrel of Brent crude traded at $63.01.
Source: Reuters, Business Day, Trading Economics
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