There is little to drive global market direction, while Eskom load-shedding has moved to stage 4
The JSE faces mixed Asian markets on Thursday morning, with no major catalyst to give direction, while locally rolling blackouts have intensified.
Eskom has moved to stage 4 load-shedding from stage 2, and this is expected to persist for the rest of the week, dealing a further blow to SA’s already recessionary economy.In morning trade, Japan’s Nikkei was up 1.13%, while the Hang Seng had fallen 0.3%.Gold was flat at $1,942.77/oz, while platinum had risen 0.85% to $911.75. Brent crude was little changed at $44.38 a barrel.
Impala Platinum is expected to report surging profits in its year to end-June later, due to rising precious metal prices.
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