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MARKET WRAP: JSE extends as investors shrug off Johnson’s departure

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UK assets may get some relief from UK prime minister’s resignation, but the focus is more likely to be on US employment and inflation data

The JSE tracked firmer European and US markets on Thursday, extending the previous session’s gains and seemingly unmoved by the resignation of British Prime Minister Boris Johnson over a string of scandals.

Analysts said Johnson’s departure may spell initial relief for the UK assets, which have been battered by the country’s high inflation, weak economy and political uncertainty...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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