MARKET WRAP: JSE drops for third day despite China allaying virus fears
Consumer inflation, as measured by the consumer price index, increased to 4% in December, in line with market expectations
22 January 2020 - 18:42
The JSE erased earlier gains to record its third consecutive day of losses on Wednesday, while the rand had its best day in three weeks as investors took some comfort from China’s easing of fears over the coronavirus epidemic.
The rand, which is on track for its first weekly gain in three, was on the front foot for most of Wednesday. At 5.41pm, it had firmed 1.13% to R14.3333/$, 1.21% to R15.8743/€ and 0.42% to R18.8379/£. The euro was flat at $1.1075. ..
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