JSE opens higher led by gold miners
Investors will be closely watching US Federal Reserve chair Jerome Powell’s testimony to the US congress on Wednesday
08 July 2019 - 10:54
The JSE opened firmer on Monday morning with gold miners leading gains.
The local bourse ended last week lower, tracking global markets after US nonfarm payrolls — which measure changes in the US labour market over each month — exceeded market expectations on Friday. The US added 224,000 nonfarm jobs in June, dampening expectations that the US Federal Reserve will sharply cut interest rates. Investors will be closely watching Fed chair Jerome Powell's semi-annual testimony to the US congress on Wednesday. ..
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