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MARKET WRAP: JSE weaker with focus on US midterms and inflation

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Murray & Roberts bucks the trend, soaring more than 17% after announcing the sale of its Australian subsidiary

The JSE closed weaker on Tuesday despite generally firmer global markets, with investors’ focus on the midterm elections under way in the US and inflation data there due later in the week.

Republican candidates are generally to take back control of the House of Representatives and may also secure the Senate, a scenario that could stymie President Joe Biden’s economic plans...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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