The local currency has shrugged off SA’s weak first quarter GDP performance, while geopolitical tension and the pandemic threatens sentiment
The JSE faces mixed Asian markets on Wednesday morning, with the Hang Seng closed for the National Day Holiday, while Covid-19 and geopolitical tension threaten sentiment.A private gauge of manufacturing activity in China released earlier beat expectations, though it showed export activity remained weak.
Gold was up 0.18% to $1,783.83/oz while platinum had fallen 0.54% to $823.49. Brent crude was flat at $41.62 a barrel. The rand take its lead from global sentiment, Peregrine Treasury Solutions executive director Bianca Botes said in a note.
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