MARKET WRAP: JSE pares losses, but investors remain cautious

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Increase in US jobless claims offers limited support amid lingering fears of a recession in the world’s biggest economy

The JSE closed weaker amid mixed global peers on Thursday, as investors remained cautious ahead of Friday’s final session for 2022 and braced themselves for what is likely to be a volatile 2023.

The local bourse pared earlier losses — having fallen more than 1% in the course of the session — as markets in Europe and the US firmed after their Asian counterparts closed weaker...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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Nigerian naira drops to record low on official market, forwards easeThe Nigerian naira dropped on Thursday to a record low of 462 per dollar on the official market, Refinitiv data showed, with traders saying the central bank has been adjusting rates to cope with backlog demand for foreign exchange. Naira is a junk currency now🤣 GenMagashi In Self Defense, If Bashir Salihi Magashi Kills President Buhari and Brings his Head, the Mace and Governor Generals Privy to me, I will give Bashir Salihi Magashi $1B for Transfer/Delivery of the Package and, I will make him King of Nigeria. And they are mocking the Ghana Cedi...
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Musk tells Tesla employees not to be 'bothered by stock market craziness'Tesla CEO Elon Musk told employees that they should not be 'bothered by stock market craziness' after the company's shares fell nearly 70%.
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