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MARKET WRAP: Rand has its worst week since June as stimulus taper looms

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Indonesia Berita Berita

Retailers and miners led losses on the JSE, with the all-share falling more than 4% this week

BL PREMIUMThe rand ended its worst week in nine on Friday as concerns about economic recovery and fresh virus outbreaks weighed on global sentiment.

Markets took a knock from all sides this week with no end in sight to the spread of the Delta variant of Covid-19, talk of stimulus tapering in the US and the likelihood of further action by market regulators in China...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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