JSE gains as global markets expect word on trade talks

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Oanda’s Craig Erlam says ‘time is running out’ if the US and China want to sign a partial trade deal in 2019

The JSE was in positive territory on Tuesday, in line with most global markets as investors await more news on the US-China trade war.

“There have been reports that the US trade team has been exploring rolling back some tariffs to get this over the line and the refusal to engage by Trump could simply be posturing, but time is running out if they want it signed this year,” Oanda senior market analyst Craig Erlam said. Earlier, the Shanghai Composite added 0.85%, Hong Kong's Hang Seng 1.55% while Japan's Nikkei 225 was down 0.53%.

 

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