IG Markets: Midday market update, 19 March

The JSE all-share index is trading 1.88% higher in morning trade, as dovish comments from the FOMC meeting last night served to help markets rally.
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The resource index is leading the charge up 3.19%, followed by industrials which are up 2% for the day so far.

In company news, Rockcastle Global Real Estate has announced an accelerated book-build to raise R1 billion for offshore acquisitions, specifically in Poland.

In the forex market the Rand is trading at R12.17 to the Dollar, R13.03 to the Euro and R18.16 to theBritish Pound. In commodities trade today, Gold is trading at $1,166/oz., Platinum at $1,122/oz. and Brent Crude at $55.51/barrel.

On the economic front, we are expecting initial jobless claims numbers out of the USA.

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