MARKET WRAP: JSE closes at best level since February amid positive global data

The JSE closed at its highest level since February on Tuesday, with miners performing best, as global markets were lifted by hopes of an economic recovery following the release of some promising data.

“Risk appetite is in the driver’s seat after global purchasing managers index data showed the economic comeback is well under way and mostly topping expectations,” said Oanda senior market analyst Edward Moya.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Local markets subdued as investors await budgetGlobal market sentiment has been damped by fears of a second wave of Covid-19 infections, which could delay economic recovery
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: U.S. Futures Swing With Yuan on China Trade Worry: Markets WrapU.S. futures swung wildly with the yuan after a Trump administration official described the Sino-American trade deal as “over” before later saying that that remark was not as it seemed.
Source: dailymaverick - 🏆 3. / 84 Read more »

Outlook for labour market remains gloomy, data showsThe outlook for the labour market remains gloomy, with some of the country's big firms announcing plans to cut jobs.
Source: eNCA - 🏆 49. / 51 Read more »

SA needs to focus on how COVID-19 will reshape its labour market[ANALYSIS] SA needs to focus on how COVID-19 will reshape its labour market
Source: eNCA - 🏆 49. / 51 Read more »