Reasons for market caution include Wednesday’s public holiday, with losses by Glencore offsetting retailers on Tuesday morning
The JSE was little changed in subdued trade on Tuesday morning, with markets waiting for a series of events this week that could give the market direction.
A series of risk events loom, including the national elections next week. This week sees interest rate decisions by the US Federal Reserve on Wednesday and the Bank of England on Thursday, while US non-farm payrolls numbers will be closely watched on Friday.
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