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JSE inches lower after Trump’s tariff threats

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US president threatens to levy new tariffs on China, a reminder that the prolonged trade war remains unresolved

The JSE weakened on Wednesday, amid cautious trade on global markets, after US President Donald Trump issued fresh tariff threats against China.

US markets fell on Tuesday, coming off recent record highs, while Asian markets were also lower on Wednesday morning. Gold was flat at $1,405.98/oz while platinum was up 0.26% to $840.35. Brent crude was up 0.5% to $64.60 a barrel.Diversified miner Anglo American added 0.41% to R382.41 and BHP 0.63% to R352.59.Local focus on Wednesday is on retail sales data for May, due to 1pm local time. The consensus is that retail sales rose 1.6% in May.

 

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