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The JSE closed slightly lower on Wednesday, in cautious trade as investors waited for US non-farm payrolls data to be released on Friday. The ALSI fell 0.13%.
Wall Street rose on Wednesday as expectations grew that the US Fed could be more dovish after data provided more evidence of a slowing economy. US markets closed early on Wednesday and will be closed on Thursday.
Eurozone shares surged yesterday as investors hoped European Central Bank chief nominee Christine Lagarde will maintain the ECB’s dovish stance. The pan European STOXX 600 was up by 0.90%.
Hong Kong shares ended weaker on Wednesday as investors reconsidered their initial enthusiasm over a truce in the trade dispute between Washington and Beijing. The Hang Seng index closed down by 0.07%.
Japanese stocks were lower after the close on Wednesday, as losses in the various sectors led the market down. The Nikkei lost 0.53%.
The rand was weaker against the dollar on Wednesday afternoon as global growth prospects continued to monopolise the spotlight. At 20h00, a dollar traded at R14.05.
Gold prices rose on Wednesday on concerns about global growth and as the latest nominations to major central banks reinforced the expectation of monetary policy easing. An ounce of spot gold traded at $1 418.45 at 20h15.
Oil prices rebounded slightly on Wednesday after Opec and its allies’ decision to extend output cuts was not enough to counter investors’ concerns about the slowing global economy. At 20h15, a barrel of Brent crude traded at $64.37.
Source: Reuters, Business Day, Trading Economics
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