MARKET WRAP: JSE weaker as banking sector jitters persist

The JSE tracked weaker global markets on Friday, after shares of Deutsche Bank plunged, raising fresh jitters about the fragility of banks and the outlook for interest rates.

Deutsche Bank’s shares fell by more than 11% in Europe following a spike in credit default swaps — a form of insurance for a company’s bondholders against its default, as concerns about the stability of European banks persisted, Bloomberg reported...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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