US economy growth rate could lift JSE

The JSE, which edged lower last week, could open slightly higher on Monday after data showed that the US economy grew faster than expected in the first quarter.

The S&P 500 gained 0.5% on the day to reach a record high, even though investors held concerns that consumer spending in the world’s biggest economy had slowed for a third consecutive quarter, suggesting that growth momentum could ease up. African Equity Empowerment Investments could report financial results on Monday after missing its own guidance that it would report last week.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JSE edges a little lower before release of US GDP numbersAll eyes are on the health of the world's largest economy, with local banks and retailers benefiting from a slight rand recovery on Friday morning
Source: BDliveSA - 🏆 12. / 63 Read more »

CHRIS GILMOUR: The dangerous and murky shark tank of SA’s listed bond marketThe JSE has been reformed and stockbroker hooligans removed, but bond institutions lag behind
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE slips as firmer dollar weighs on banks and minersUpbeat US corporate reports sent US markets to a record high on Tuesday, but a firmer dollar puts pressure on interest-rate sensitive stocks and miners
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand's one-week losing streak weighs on JSEThe local currency's recent slide dims hopes of an interest-rate cut
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Only platinum and gold shine on the JSELocal banks and miners were pressured by a firmer dollar, while local data was also downbeat
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE could open slightly lower on Thursday with BHP and Naspers losing groundTencent was 0.7% down in Hong Kong as Asian stocks dipped
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE headed for cautious start on Friday as BHP fallsMain bourse, which will close at 3pm on Friday to facilitate the launch of a new derivatives platform, is likely to take its cue from Asian markets, which were mixed
Source: BDliveSA - 🏆 12. / 63 Read more »

Mine Restoration Investment looks at chrome deal to return from JSE wilderness
Source: TheCitizen_News - 🏆 6. / 75 Read more »

MARKET WRAP: JSE slips in risk-off trade but gold miners shineThe local bourse extended losses as US markets opened, with concerns over global growth weighing on equities
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE could open weaker on Wednesday as Asian markets slipUS markets closed at record highs overnight on favourable earnings from Twitter, Hasbro and Lockheed Martin
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE opens flat as Naspers offsets other lossesNaspers and Sasol are helping to moderate losses for most shares on Tuesday morning, as the market digests a jump in the oil price
Source: BDliveSA - 🏆 12. / 63 Read more »