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MARKET WRAP: JSE follows global bourses weaker, rand languishes near three-month low

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Disappointing US corporate earnings and worries about the direction of the Fed’s monetary policies are weighing on global sentiment

The JSE tracked weaker global markets on Friday as the latest batch of corporate earnings results in the US disappointed investors, while the rand touched a three-month worst level on the back of a strong dollar.

Investors have been navigating a mixed bag of earnings throughout the week, with sentiment taking a knock after Friday’s earnings from Lyft came in worse than expected...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 TimesLive Premium.

 

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