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JSE in limbo as world holds breath over Obamacare bill

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(Gianluigi Guercia, AFP)
(Gianluigi Guercia, AFP)

Johannesburg - Global financial markets, including the JSE, went into limbo on Thursday morning as investors are waiting to see if President Donald Trump can gather enough support in Congress later in the day to pass a bill to roll back Obamacare, one of his key campaign promises.

Trump's healthcare plan faces resistance from some conservative Republicans who view it as too similar to Obamacare, and from moderates concerned it will hurt some voters.

If Trump struggles to pass the healthcare legislation, investors will question how soon he will be able to implement his pro-growth promises, which have already been discounted by the financial markets.

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ZAR/USD
14.87
(+0.03)
ZAR/GBP
20.36
(-0.15)
ZAR/EUR
18.05
(-0.15)
ZAR/AUD
11.56
(-0.22)
ZAR/JPY
0.14
(-0.14)
Gold
1873.05
(+0.18)
Silver
25.97
(+0.60)
Platinum
1110.00
(+0.81)
Brent Crude
55.55
(+0.23)
Palladium
2375.00
(+0.47)
All Share
64108.51
(+0.79)
Top 40
58857.76
(+0.85)
Financial 15
11997.84
(-0.16)
Industrial 25
85626.27
(+0.66)
Resource 10
63102.03
(+1.34)
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