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MARKET WRAP: JSE ends the week firmer on optimism of China rebound

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Sverige Nyheter Nyheter

US Fed officials, however, are sticking to their hawkish rhetoric that interest rates will need to increase further and this remains a headache for the markets

The JSE closed firmer on Friday, ending the first week of the new month on a positive note as optimism about China’s strong economic rebound supported sentiment.

The JSE all share index rose 1.87% for the week, buoyed by gains in mining stocks as strong data from China — SA’s biggest partner for trade in commodities — pointed to a growing rebound after the lifting of the country’s stringent Covid-19 regulations...

 

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