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MARKET WRAP: JSE rebounds with global markets as US nonfarm payrolls cool down

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The JSE was boosted by stability in commodity prices as the dollar weakened after the US nonfarm payrolls report

The JSE ended 1% higher on Friday, reversing losses of as much 2%, indicating the degree to which markets have become skittish as they continue to second guess the interest rates outlook in the US.

The all-share index gained 0.96% to 74,823.02 points, as the heavily sold down resources market rebounded, boosted by some stability in commodity prices as the dollar weakened after the release of the US nonfarm payrolls report...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 TimesLive Premium.

 

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