MARKET WRAP: JSE pares losses, but investors remain cautious

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Increase in US jobless claims offers limited support amid lingering fears of a recession in the world’s biggest economy

The JSE closed weaker amid mixed global peers on Thursday, as investors remained cautious ahead of Friday’s final session for 2022 and braced themselves for what is likely to be a volatile 2023.

The local bourse pared earlier losses — having fallen more than 1% in the course of the session — as markets in Europe and the US firmed after their Asian counterparts closed weaker...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 TimesLive Premium.

 

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