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MARKET WRAP: JSE pares losses ahead of US jobs data

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Reports on Wednesday point to a resilient US economy, strengthening the case for a 50 basis point hike by the Fed

The JSE all but recovered earlier losses on Thursday while markets elsewhere were mixed as investors marked time before Friday’s US employment data.

On Wednesday, data showed that US job openings fell less than expected in January, while a stronger-than-expected February private payrolls report suggested a resilient economy, with both numbers heightening concern that the Fed could hike rates by bigger increments and for longer...

 

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