JSE opens lower after Donald Trump’s warning curbs trade-deal hopes

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Trump threatened a tougher deal or no deal between the two economic superpowers in tweets on Tuesday, after officials from China and the US met in Shanghai this week

The JSE was lower on Wednesday morning tracking Chinese markets after US President Donald Trump dampened hope that the US and China would soon reach a trade deal.

“His untimely tweets confirmed once again his reluctance to get a trade deal done in the foreseeable future,” London Capital Group senior market analyst, Ipek Ozkardeskaya said in a note. At 10.45am, the JSE all share had fallen 0.41% to 57,007.60 points and the top 40 0.36%. Industrials were down 0.69% and gold miners 0.77%.

 

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