The JSE all-share index is trading flat this morning, with resources up 0.66% and industrials and financials off 0.14% and 0.31% respectively.
Japan is closed today on account of a holiday, and European futures are trading firmer with the US currently pointing toward a softer open on the S&P and the Dow.
In company news: PSG Group goes ex div today.Telkom released a trading update that indicated a drop in basic earnings per share of 55%-65%. Normalised earnings however pointed toward an increase of between 80 – 90%, between 112 and 127 cents per share.
In other news, AngloGold Ashanti‘s production is up 8% year-on-year, with all in sustaining costs down 10% with the company having reduced their net debt to $2.952 billion dollars.
In currencies trade the Rand is trading at R11.06 cents to the Dollar, R13.82 to the Euro and, R17.70 to theBritish Pound. In commodities, Gold is trading under 1200 at $1,168.6/oz., Platinum at $1,233/oz. and Brent Crude at $85.35/barrel.
Keeping an eye on the economic calendar; a gauge of China’s services industry fell to a nine month low in October. We are expecting US construction spending and manufacturing PMI data at 3pm.
