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The JSE closed 0.97% higher on Monday, as investors waited for direction from GDP growth rate numbers scheduled to be released this morning and fresh stimulus measures expected from the European Central Bank (ECB) at their policy meeting this Thursday.
Wall Street was closed on Monday for Labour Day.
A rally in US technology stocks and hopes for COVID-19 vaccines boosted European markets on Monday. The FTSE 100 closed up by 2.39%.
The Hang Seng fell 0.35% on Monday as the proposed blacklisting of Semiconductor Manufacturing International Corporation (SMIC), China's largest chipmaker, by the US weighed on investor sentiment.
The Nikkei dropped 0.50% on Monday after investors took profits following a rally in technology shares in the US.
The rand traded in the R16.73/$ range at 20h30 on Monday as investors waited to see what local GDP growth rate data would show on Tuesday.
An ounce of gold traded at $1 928.46 at 20h30 on Monday, after resurging fears of COVID-19 caused the greenback to strengthen.
Oil prices fell to $41.77 a barrel on Monday at 20h30 as Saudi Arabia confirmed lower prices for supplies in Asia.
Source: Reuters, Business Day, Trading Economics
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