US-China trade optimism may boost JSE on Monday

The trade war continues to dominate market sentiment, with recent comments boosting hopes that a partial deal is closeThe JSE may take its lead from firmer Asian markets on Monday morning, with the US-China trade war yet again dominating the headlines.

early on Friday White House advisor Larry Kudlow said that the phase-one trade deal was “coming down to the short strokes”.The hot-and-cold messages from the trade tensions remains the dominant theme in markets, with underwhelming US data releases on Friday only playing a secondary role, Catril said.

Gold was down 0.12% to $1,466.10 an ounce while platinum was flat at $890 an ounce. Brent crude was 0.22% lower at $63.30 a barrel.Tencent was up 2% in Hong Kong, boding well for Prosus and Naspers.

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