The JSE had its worst day in more than a week on Thursday amid global risk aversion as concern about a slow economic recovery from the coronavirus pandemic weighed on global market sentiment.
Global equities remained in negative territory on the day after US Federal Reserve chair Jerome Powell warned of a lengthy period of economic weakness as Covid-19 and the shutting down of businesses weighed on the US economy. Powell added that the Fed could introduce more stimulus measures if required.
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MARKET WRAP: JSE losses stemmed by Naspers and ProsusDespite this, the all share ended the day 0.33% weaker with the top 40 losing 0.22%, and most indices down HermanMashaba 👇👇👇
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Emerging-market debt issues will be felt across international financial systemThe threat of more Covid-19 outbreaks will strengthen the hand of debtor countries when negotiating repayment terms
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MARKET WRAP: JSE losses stemmed by Naspers and ProsusDespite this, the all share ended the day 0.33% weaker with the top 40 losing 0.22%, and most indices down HermanMashaba 👇👇👇
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