The JSE looks set to contend with mixed Asian markets on Thursday morning, with positive US corporate earnings buoying markets there, but investors are also eyeing a possible default by Chinese property giant Evergrande.
The 30-day grace period after missing coupons on its dollar-denominated debt is over by the end of the week, which will put it officially in default, said National Australia Bank analyst Rodrigo Catril in a note. In morning trade, the Shanghai Composite was up 0.46%, while the Hang Seng had fallen 0.29% and Japan’s Nikkei 0.63%.Gold was 0.23% higher at $1,786.41/oz, while platinum had risen 0.62% to $1,056. Brent crude was 0.28% weaker at $84.99 a barrel.Chemicals and energy group Sasol is due to give an update on its performance in the first quarter of its 2022 financial year later.
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