MARKET WRAP: JSE closes weaker as investors digest US jobs report

📆 07/10/2022 03:36 p. m.
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The all share index, however, gained 3.06% for the week, thanks to a rally on Monday and Tuesday

The JSE ended lower on Friday, tracking weaker US and European markets as investors digested the US September jobs report.

US non-farm payrolls data showed the unemployment rate continued to decline, coming in at 3.5%, down from the 3.7% the previous month. The data also showed that the world’s biggest economy added 263,000 jobs, higher than the market expectations of a 250,000 gain. ..

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