MARKET WRAP: Rand gains on upbeat sentiment over US infrastructure bill

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The JSE came within about 200 points of its record high, before weakening a little by the close, as Covid-19 cases rise again in some countries

The rand was among the best-performing emerging-market currencies on Monday as investors welcomed progress in the US infrastructure bill, which increased risk sentiment generally.

The unveiling of the roughly $1-trillion bipartisan infrastructure bill at the weekend, containing $550bn of new spending over five years, lifted sentiment.The bill is expected to be passed in the next few days after an amendment process...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 Sunday Times Daily.

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