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MARKET WRAP: JSE lifts as global mood improves

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The rand broke below R15/$ on Wednesday, reaching its best level since August 7

The JSE closed higher on Wednesday, tracking global markets as positive Chinese data offset US-China trade war jitters and Hong Kong withdrew its controversial extradition bill.

“Today’s withdrawal is quite the pivot from yesterday’s comments from China’s top office that hinted they could unilaterally declare a state of an emergency,” Moya said.Shortly after the JSE closed, the Dow added 0.70% to 26,299.60 points. In Europe, FTSE 100 was up 0.44%, France's CAC 40 1.12% and Germany's DAX 30 0.85%.

At 5.20pm, the rand had firmed 1.8% to $14.8230/$, 1.34% to R16.3454/€ and 0.99% to R18.0664/£. The euro had firmed 0.49% to $1.1028.

 

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