JSE on track for weekly gain after surprise rate cut
The JSE needs to lose more than 1.27% on Friday to register a weekly loss, boosted by local interest rate cuts and progress in the US-China trade war
17 January 2020 - 07:07
The JSE is on track for a weekly gain on Friday, boosted this week by a partial US-China trade deal and the Reserve Bank's unexpected interest rate cut.
The Bank cut the repo rate 25 basis points on Thursday, also signalling a second cut is likely later in 2020, citing SA’s subdued inflation...
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