Market Updates & Metal Reactions
The Rand is still weak and volumes low. The All Share Index was down ¾% on Friday. Global markets are nervous as Central Banks talk about tapering. The JSE announces details of their cost optimisation plans. Flash crash in Silver on Friday and a halt in trading, is only one of the symptoms of metals reactions this week. Gold and Platinum are also under pressure. US non-farm payrolls surprised to the upside, coming in at 222k, while the expectation was for 178k jobs to be created.