MARKET WRAP: JSE gains on trade-war optimism
Business confidence edged up to 26 points in the fourth quarter, from a 20-year low of 21 in the previous one
The JSE was higher on Wednesday, as more comments regarding the US-China trade war continued to lift global market sentiment. US President Donald Trump said on Tuesday that the US is in the “final throes” of working out a trade deal to end the 16-month-long spat.
“Enduring optimism that the US can reach an interim trade deal with China has helped investors overlook disappointing Chinese economic data,” said London Capital Group head of research Jasper Lawler. “Investors can stomach a slowdown in China if they see an endpoint via the phase-one trade deal. If the deal doesn’t materialise and the data out of China continues to weaken, then things could go south quickly.” ..
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