The JSE tracked global markets higher on Friday, after US non-farm payrolls climbed to a 10-month high, easing concern that the world’s largest economy is slowing down.
China’s foreign ministry said on Friday that it will waive import tariffs on some soybeans and pork from the US. Earlier, the Shanghai Composite rose 0.43%, Hong Kong’s Hang Seng 1.07% and Japan’s Nikkei 225 0.23%. The R2030 government bond was slightly stronger, with the yield falling 1.5 basis points to 9.195%. Bond yields move inversely to their prices.Brent crude added 2.09% to $64.58 a barrel, recording its biggest weekly gain in six. The oil price has been supported by oil cartelAfter the Opec and Opec+ meetings, Saudi Arabia’s Prince Abdulaziz bin Salman said the country would continue its voluntary cut of 400,000 bpd, which saw oil prices jump in New York.
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