MARKET WRAP: JSE firms as Omicron fears ease

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Rand strengthens for third straight session even after Fed’s hawkish comments on tapering of asset purchases

The JSE tracked stronger global markets on Wednesday, as investors concerns about the effect of the Omicron variant of Covid-19 on the world economy eased.

However, comments by US Federal Reserve chair Jerome Powell on Tuesday that the central bank’s asset purchases may need to be tapered faster to fight rising inflation remain a source of unease...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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