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MARKET WRAP: JSE firms as US economic data lifts sentiment

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Investors cheer better-than-expected figures from the manufacturing sector

The JSE tracked firmer US and European markets on Wednesday as investors cheered better-than-expected economic data in the US, helping to ease fear that recession is inevitable.

Global stocks gained, with the JSE all share rising more than 1% in intraday trade after the US Institute of Supply Management nonmanufacturing purchasing managers index showed a surprise rebound...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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