The JSE tracked global markets weaker on Friday as worse-than-expected US corporate earnings and the prospect of tighter US Federal Reserve monetary policy weighed on sentiment.
Miners and tech companies Naspers and Prosus pulled the JSE lower, with the local bourse falling as much as 2% in intraday trade. A disappointing earnings report from global streaming giant Netflix showing slowing subscriber growth dampened sentiment...
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MARKET WRAP: JSE muted as investors take stock of US corporate earningsAnalysts say the market has priced in a rate increase by the Reserve Bank and a tightening by the Fed in March
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