MARKET WRAP: JSE snaps three-week losing streak following interest-rate cut

Pioneer Foods surging 32.09% to R102.50. It said earlier that

Gold is in the early stages of a significant bull run, and a recent price climb by silver is reinforcing this view, said London-based Sharps Pixley CEO Ross Norman.Earlier, Asian markets were higher while their European counterparts were mixed. The Dow was unchanged at 27,222.97 points, while in Europe, the FTSE 100 was up 0.21% and DAX 30 0.27%; the CAC 40 was flat.

AB InBev jumped 5.02% to R1,296.56. It said on Friday that it would sell its Australia-based Carlton and United Breweries to Japanese company Asahi Group.

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MARKET WRAP: JSE snaps three-week losing streak following interest-rate cutThe prospect of looser monetary policy at home and abroad boosts the JSE, while PepsiCo’s offer to buy Pioneer Foods also adds some fizz
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