MARKET WRAP: JSE firmer as investor focus shifts to the medium-term budget

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Covid-19 infections have accelerated in Europe, prompting additional lockdown restrictions, while the future of US stimulus is still uncertain

Covid-19 infections have accelerated in Europe, prompting additional lockdown restrictions, while the future of any US stimulus is still uncertainThe JSE closed firmer on Friday as investors mulled a week driven by US political uncertainty and the continued threat of Covid-19, while local focus now shifts to the medium-term budget policy statement .

In an effort to get clear direction from President Cyril Ramaphosa’s economic reconstruction and recovery plan, presented on Thursday, finance minister Tito Mboweni pushed the MTBPS back by a week to October 28.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

 

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