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MARKET WRAP: Positive end to the week for JSE and rand on US stimulus hopes

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Markets also received a boost from positive news on the Covid-19 front

The JSE closed firmer on Friday, with sentiment lifted by investor optimism that a US stimulus deal may still be reached before the elections there in November.

The White House has signalled that the administration is again leaning towards a large-scale stimulus bill after house speaker Nancy Pelosi pushed back on the idea of individual measures for parts of the economy hit by the Covid-19 crisis.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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