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The JSE closed lower on Thursday as a rally by the rand failed to lift banking stocks. The ALSI fell 0.31%.
US markets were closed on Thursday for the Independence Day public holiday, this after the Dow reached a record high the day before.
European shares closed higher on Thursday as Italian stocks surged on relief that Rome had avoided European Union disciplinary action and rising expectations of looser monetary policy by major central banks. At 19h30 the DAX traded 0.11% in the green.
Hong Kong stocks ended lower on Thursday, amid thin trade, as investors awaited developments around Sino-US trade talks. The Hang Seng index fell 0.16%.
The Nikkei rose yesterday tracking gains on Wall Street on expectations the US Fed would start cutting interest rates after some indicators signalled a slowdown in the economy. The Nikkei was up 0.30%.
The rand firmed below the R14/$-level in intraday trade on Thursday as talks of impending loose monetary policy in the world’s major central banks boosted emerging-market currencies. At 19h30, a dollar traded at R14.05.
Gold prices eased on Thursday as investors locked in profits before this week’s US non-farm payrolls data. At 19h30, an ounce of spot gold traded at $1 415.42.
Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on US crude stockpiles. A barrel of Brent crude traded at $63.86.
Source: Reuters, Business Day, Trading Economics
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