Fears over cooling global growth have abated somewhat, with the rand holding on to overnight gains, to the benefit of banks and retailers
The JSE edged higher on Tuesday morning, boosted by recent gains in the rand, which helped lift local banks and retailers.
The inversion of the US treasury yield curve has been of particular concern to investors, as it often points to a looming recession. An inverted yield curve refers to the yield on longer-dated debt falling below that of shorter-dated debt, pointing to market expectations of future accommodative monetary policy.
At 10am the all share was up 0.14% at 55,442.4 points and the top 40 was 0.12% higher. General retailers had gained 0.92% and banks 0.8%. Gold miners slipped 0.48%.On Tuesday, platinum was down 1.02% at $852.24/oz and gold 0.46% to $1,315.80. Brent crude was 0.45% higher at $67.54 a barrel.
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