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JSE to contend with mixed Asian markets on Tuesday

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New coronavirus cases fall in Italy but spike in the US, where equities brush this off to record a strong Monday session

The JSE faces mixed Asian markets on Tuesday morning, though there is some optimism in the market after Italy reported a slowdown in new Covid-19 cases and data pointed to an economic recovery in China.

Tuesday marks the end of the first quarter, and there could be some volatility as traders assess their risk exposure, said Peregrine Treasury Solutions treasury partner Bianca Botes in a note. Asian markets were mixed in morning trade, with Japan’s Nikkei down 0.37% and the Australian All Ordinaries index 1.6%, while the Hang Seng had added 1.09%.Gold was down 0.58% to $1,613.90/oz while platinum had risen 0.28% to $723.45. Brent crude was 0.53% higher at $22.57 a barrel.Focus remains on the viral outbreak and governments attempts to mitigate the economic damage.

 

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