Markets are hoping that the two economic superpowers will sign a partial trade deal later in November
The JSE was higher on Wednesday morning, while global markets await more news regarding the US-China trade deal.
“[US President] Donald Trump could hope for minimum $20bn worth of farm purchases in exchange of dropping tariffs. That number could shoot up to $40bn-$50bn US dollars,” London Capital Group senior market analyst Ipek Ozkardeskaya said. No-one other than China could promise such huge numbers, she said.
The JSE all share added 0.46% to 57,508.4 points and the top 40 0.52%. Banks were up 0.75% and resources 0.5%.
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