adminAn impressive payrolls report is expected, after two sets of upbeat US jobs data last week — the ADP jobs report and better than expected weekly jobless claims.
At 12.15pm, the JSE all share index was up 0,21 percent at 40 807,67 points, with the platinum and the banking gauges edging up 1,69 percent and 1,48 percent respectively, while the resources and gold indices gave back 0,78 percent and 0,76 percent respectively.
Major European markets were all trading in the black, spurred higher by positive global sentiment. At noon local time London’s FTSE 100 had added 0,69 percent.
“The Chinese (trade) surplus data released this (Friday) morning was wider than expected, which was good news and boosted global sentiment,” said Michelle Pingo-de Abreu, economic analyst at Nedbank Capital.
“Resources were trading weaker due to a softer gold price and the downside in gold counters is just a reversal after yesterday’s good gains. We are seeing some profit taking today and concerns about mining strikes are not going away,” she said. – BusinessDay.
Online Reporter