JSE edges a little lower before release of US GDP numbers

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JSE edges a little lower before release of US GDP numbers
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All eyes are on the health of the world's largest economy, with local banks and retailers benefiting from a slight rand recovery on Friday morning

The JSE edged lower on Friday morning, with miners under some pressure in what is expected to be a mostly subdued session.

The rand firmed a little overnight, but rangebound trade is expected before the US GDP print, the week's major economic release. There was some corporate news to give local stocks direction, with Pick n Pay down 2.43% to R69.97, despite reporting turnover growth of 7.1% in the 53 weeks ending March 3.

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