JSE faces risk-off trade on Monday as load-shedding threat persists

The US-China trade war and prospect of the resumption of load shedding may weigh on local risk assets on Monday morning

11 November 2019 - 07:15The JSE faces weaker Asian markets and the threat of load-shedding on Monday morning, with investor focus squarely on US-China trade war-related headlines.

Adding to the pressure, China’s inflation rose to an eight-year high in October, amid surging pork prices. At 6.15am Hong Kong’s Hang Seng had fallen 2.1%, also under pressure due to continuing political protests in the wealth city. The Shanghai composite was down 1.22%.Gold added 0.22% to $1,462.26 an ounce while platinum slipped 0.35% to $886.78. Brent crude dropped 1.12% to $61.94 a barrel.Locally, the threat of load-shedding continues, with Eskom warning at the weekend that its grid is under pressure.

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