MARKET WRAP: JSE snaps three-week losing streak following interest-rate cut

The prospect of looser global monetary policy helped buoy both the JSE and global markets on Friday, with local banks and gold miners faring particularly well.

The rand began the day well, but gave up gains as the dollar jumped against the euro after the Fed downplayed Williams’s comments. Pioneer Foods surging 32.09% to R102.50. It said earlier that Shortly after the JSE closed, gold had taken a little breather from the day’s high, to $1,426.23/oz, while platinum was flat at $848.57. Brent crude was 0.56% lower at $62.18 a barrel.

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