admin0,21 percent and platinum firmed 0,65 percent.
Industrials lifted 0,30 percent, financials added 0,21 percent, and banks climbed 0,14 percent.
The rand recovered to R7,65 to the US dollar, from R7,74 at the JSE’s close on Friday. Gold was quoted at US$1731,07 a troy ounce from US$1712,79/oz at the JSE’s previous close, while platinum improved to US$1666/oz, from US$1641/oz before.
“We’re tracking the world markets following reports that the Greek Parliament will push through the austerity measures,” said Viv Govender, market watcher at Vunani Private Clients Services.
Asian shares were mostly higher yesterday after Greek lawmakers approved a package of drastic austerity measures amid violent street battles between police and protesters in the streets of Athens, Dow Jones Newswires reported.
European stock markets are likely to start higher after the Greek Parliament approved austerity measures. – I-NET BRIDGE.
“Greece’s approval of austerity measures will bode well for markets but the tough stance of EU officials toward Greek austerity implementation means that focus will turn to yet another extraordinary meeting of European officials on Wednesday,” said Mitul Kotecha, strategist at Credit Agricole.
“Even assuming that some form of a debt deal and second bailout package is ironed out, it is questionable how much the euro will rally as so much good news is already in the price,” he said.
But riots in Athens will temper enthusiasm for the upside because they could raise concern about the government’s will to implement painful reforms and cuts.
US futures are higher, after stocks suffered their worst one-day loss in about six weeks on Friday because of tumult over the Greek bailout, disappointing readings on the US economy and the downgrade of nearly three dozen Italian banks.-I-NET BRIDGE
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