The JSE looks set to open to mixed Asian markets on Monday morning, with investors weighing some disappointing data out of China, while there are still questions about the future of US monetary policy and the economic fallout from the Delta variant.
On Monday markets were reacting to news that retail sales rose 8.5% in China in July, well below expectations, while investors will also be looking for clues about US monetary policy later this week when the minutes from the US Federal Reserve’s latest meeting will be released. In morning trade the Shanghai Composite was up 0.37%, while the Hang Seng gave back 0.74% and Japan’s Nikkei 1.85%.Gold was trading 0.18% lower at $1,776.24/oz while platinum fell 1.05% to $1,019.19. Brent crude was 0.44% lower at $69.90.
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