The Jse All-share index is trading 0.27% lower dragged down by weaker resources.
The confirmation of the final taper to end the bond purchasing program in the U.S.at last nights FOMC meeting has witnessed renewed strength in the dollar and in turn a weakening of commodity prices affecting todays price action in local mining counters.
The resource index is 1.79% lower while the the financial index has added 0.25% and industrials 0.15%.
In Company News Spanjaard Limited released a trading statement in which the company has guided that headline earnings will be 13.24% lower than the previous six month comparative.
In currencies the rand is trading at R10.96 to the dollar, R13.79 to the Euro and R17.54 to the British Pound. In commodities, Gold is trading at $1203/oz, Platinum at $1266/oz and Brent Crude at $86.42/ Barrel.
Local Producer Price Index (PPI) data showed inflation at a factory level to have dropped to 6.9% year on year in September 2014.
In the U.S. advance GDP data for the third quarter is scheduled for release at 2:30pm.
