The JSE recorded a second day of losses on Thursday while global equities were mixed as a rise in coronavirus cases has sparked fear that the global economic recovery could take longer than initially thought.
“Recent spikes in Covid-19 cases in several US states and across the globe is putting the reopening of economies into question. Whether we’re seeing a second wave or just a continuation of the first wave, the outbreak may reverse actions taken by governments to reopen their economies, hence curbing hopes of a smooth recovery,” said FXTM chief market strategist Hussein Sayed.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
MARKET WRAP: Rand and JSE slip on lack of detail in budget speechAnalysts believe that finance minister Tito Mboweni’s supplementary budget lacked detail on implementation
Source: BDliveSA - 🏆 12. / 63 Read more »
MARKET WRAP: JSE closes at best level since February amid positive global dataWhether rand returns to its former glory will depend on SA’s economic outlook and global risk sentiment, says analyst
Source: BDliveSA - 🏆 12. / 63 Read more »
Zodwa in the market for a new manZodwa said she is 'still searching” for Mr Right.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Mboweni’s increased debt projections weaken bond marketTito Mboweni said the Treasury expects the country’s debt to be close to 81.8% of GDP by the end of this fiscal year
Source: BDliveSA - 🏆 12. / 63 Read more »