JSE join Global Trader to higher price

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Jonhannesburg Stock Exchange was firmer in early trade on Tuesday in line with a
Global traders are now awaiting US inflation data later in the day for further market direction. The higher the rate, the greater the chance of the US Federal Reserve raising interest rates in December.
surge in global markets as negative market sentiment after the terrorist attacks in Paris last week subsided.
Stronger Asian markets took their cue from a surge on Wall Street overnight, which closed 1.38% higher. The Hong Kong Hang Seng index added 1.4%, the Japanese Nikkei 225 closed 1.22% higher, while China’s Shanghai Composite was flat, dipping 0.06%.

Global traders are now awaiting US inflation data later in the day for further market direction. The higher the rate, the greater the chance of the US Federal Reserve raising interest rates in December.
At 9.50am, the all share index was 0.47% higher at 51,788.90. The blue-chip top 40 added 0.48%.
Financials and banks led the charge, while gold miners lagged.

The financial index gained 0.92%, banks were up 0.47%. Gold miners shed 3.04% amid a softer gold price and traders taking on greater risk.

On the international front, Barclays Research analysts said in a global market note that the October Federal open market committee minutes on Wednesday were likely to confirm the Fed’s willingness to begin the monetary normalisation cycle as soon as December.
In Europe, the analysts said the European Central Bank’s (ECB’s) October meeting minutes on Thursday were likely to confirm that further ECB easing was imminent.
It would probably include an extension of the current quantitative easing programme and a deposit rate cut of 10 basis points, providing a catalyst for further euro weakness, Barclays said.
On the local front, investors were paying close attention to the Reserve Bank’s interest rate announcement on Thursday.

Among individual shares on the JSE, AngloGold Ashanti’s price fell 3.32% to R95.33 and Gold Fields shed 4.21% to R32.09.
Old Mutual led the financial sector higher, adding 1.77% to R42.53, while Santam dipped 0.61% to R211.70.