MARKET WRAP: JSE hardly flinches at good US jobs report

The JSE closed firmer amid mixed global markets as better-than-expected US nonfarm payroll numbers contended with concerns that the Delta variant of Covid-19 poses risks to the pace of economic recovery.

The much anticipated nonfarm payrolls rose in July at the fastest pace in a year, adding 943,000 jobs according to the US Labor Department, topping consensus forecasts of 926,000 by a Reuters poll...If you have already registered or subscribed, please sign in to continue.

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Business Maverick: U.S. Stocks Slip as Economic Growth Worries Mount: Markets WrapU.S. equities slumped after the vice-chair of the Federal Reserve suggested rates could rise by 2023 and mixed economic data for July showed U.S. companies adding far fewer jobs than expected.
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Unpacking the current state of the used car market in SAAutoTrader saw a 36% increase in searches for vehicles in Q2 2021 compared with Q2 2020. However, normalising for lockdown in Q2 2020, vehicle search growth would have been 26%. This supports the notion that consumers are opting for used cars over new due to continued economic pressure.
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Business Maverick: U.S. Stocks Slip as Economic Growth Worries Mount: Markets WrapU.S. equities slumped after the vice-chair of the Federal Reserve suggested rates could rise by 2023 and mixed economic data for July showed U.S. companies adding far fewer jobs than expected.
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