JSE faces mixed Asian market on Monday as uncertainty persists

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Strong US economic data has helped support earnings, but geopolitical tensions linger and energy prices remain elevated

The JSE faces mixed Asian markets on Monday morning, with stocks in mainland China rebounding after an extended break for the Lunar New Year holiday.

Global markets were lifted on Friday by a blockbuster US jobs report that showed Omicron failed to derail a labour market recovery in the world's largest economy, where three-quarters of S&P 500 listed companies have met or beat earnings expectations for the fourth quarter. A US official has warned that a Russian invasion of Ukraine could take place “any day” while French President Emmanuel Macron will be travelling to Russia this week for peace talks.

 

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