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The JSE dropped on Monday dragged down by industrials and financials. At market close, the ALSI was down by 0.97%.
US stocks fell on Monday after President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina. The Dow Jones dropped 0.71% at 19h20.
European shares climbed back to recent highs on Monday, as upbeat factory activity data from China and major Eurozone economies boosted trade-sensitive sectors. The pan-European STOXX 600 Index rose 0.60%.
Chinese shares ended higher on Monday after upbeat factory activity reports, but gains were limited by anxiety over the prospects of a proposed Sino-US trade deal. The Shanghai Composite Index added 0.13%.
Japanese shares rose on Monday after data showed China’s factory activity and domestic demand picked up, easing concern about the health of the world’s second-largest economy. The Nikkei Index ended up 1.01%.
The rand was weaker on Monday, following the release of the Absa manufacturing purchasing managers index (PMI), which fell in November to 47.7 points from 48.1 in the previous month. A dollar traded at R14.57 at 19h30.
Gold fell on Monday after better-than-expected manufacturing data from China assuaged fears of a slowdown in global growth while deficit-ridden auto catalyst metal palladium soared to a record high. Palladium traded at $1 833 at 19h30.
Oil jumped above $61 a barrel on Monday, supported by hints that OPEC and its allies may agree to deepen output cuts at a meeting this week and as rising manufacturing activity in China suggested stronger demand.
Source: Reuters, Business Day, Trading Economics
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