The JSE was little changed on Monday morning, while global markets were mixed as investors awaited US inflation numbers due this week.
On Friday, the US’ December consumer price index (CPI) was revised lower. The government adjusted the figure to a 0.2% increase, down from a 0.3% increase initially reported. Core inflation figures, excluding food and energy, were the same.
Investors will now watch out for January’s CPI figures due to be released on Tuesday.
“This week the focus falls squarely on US inflation numbers, due for release tomorrow. This will give markets a new sense of direction, following the recent resilient economic data coming out of the world’s largest economy,” Citadel Global director Bianca Botes said.
At 10.25am, the JSE all share and the top 40 were little changed, with the former at 73,398.21 points. Industrial metals had gained 1.13% and resources 0.45%. Retailers had lost 0.64%, food producers 0.58%, SA listed property 0.38%, precious metals 0.34%, banks and industrials 0.2%, respectively, and financials 0.13%.
At the same time in Europe, France’s CAC 40 gained 0.48% and Germany’s DAX 0.32%.
Earlier in Asia, the Shanghai Composite added 1.28% and Japan’s Nikkei was flat. Markets were closed for a holiday in China.
At 10.15am, the rand was little changed at R19.0312/$, R20.5286/€ and R24.0133/£. The euro was unchanged at $1.0787.
Gold was little changed at $2,024.53/oz, while platinum was 0.35% firmer at $877.7/oz. Brent crude was down 0.17% at $81.58 a barrel.
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