|JSE slips across the board|
|Friday, 29 June 2012 11:11|
At 9.24am local time, the JSE all-share index was down 0,36 percent at 33 625,22 points, with resources losing 0,22 percent, gold shares dipping 0,26 percent and platinum counters dropping 1,19 percent.
The rand was trading at R8,39 to the dollar, unchanged from the JSE’s close on Wednesday, while gold was quoted at US$1574,10 a troy ounce from US$1571,46/oz at the JSE’s previous close.
Platinum was at US$1414,20/oz, from US$1410,50/oz previously.
European stocks opened a little higher, supported by a positive US session, but investors are likely to be reluctant to make any bold moves ahead of the two- day EU summit beginning yesterday.
Given the history of disappointing EU summits, and with German Chancellor Angela Merkel maintaining her staunch opposition to the idea of jointly guaranteed eurozone bonds, expectations for the summit are low, Dow Jones Newswires reported.
London’s FTSE was relatively flat at 5529,59 points.
In Asia, stocks were mixed ahead of the euro summit, with Japan’s Nikkei ending the session 1,65 percent higher, while Hong Kong’s Hang Seng index lost 0,24 percent by 9.24am South African time. — BusinessDay.