The JSE softened 0.85% on Friday, ending the week with yet another session of broad-based losses.The rand was stable against the dollar and global markets were generally buoyant. The JSE, however, has not benefited from risk-on trade stemming from news of easing US-China trade tension.Emerging-markets, including the JSE, have been particularly hard hit by trade war jitters. Analysts suggest the rising protectionism could accelerate a slowdown in their exports.While trade tension has prompted a cautious emerging-market outlook over the short term, trade between these markets had become more important in recent years, said Franklin Templeton analysts. Rising protectionism could accelerate this trend.The pound weakened against the rand and the dollar after US President Donald Trump criticised UK Prime Minister Theresa May for the softening of her stance on Brexit.Expectations of an upbeat corporate earnings season in the US buoyed equity markets in that country, reported Dow Jones News...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.