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PMI

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Ninja
Super Contributor
PMI figures are out today, locally and in the US which is a big leading indicator. If the figures come out better than expected, as many economists are predicting, we could see a rally.
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What time?
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Johannesburg - The JSE firmed in midday trade on Wednesday, pushed by overseas markets and a better-than-expected PMI figure. The seasonally adjusted Kagiso Purchasing Managers Index increased, albeit only slightly, for the second consecutive month from 37.3 to 37.9 in June. By 12:01, the JSE all share index had edged up 1.77%, with resources collecting 2.55%. Gold counters were up 2.67%, along with platinum miners, up 2.01%. Banks gained 1.64%, financials collected 1.08% and industrials profited 1.26%.
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