JSE to contend with mixed Asian markets on Wednesday
The hope of fiscal stimulus is competing with the coronavirus outbreak and extreme volatility in the oil price
11 March 2020 - 07:06
Global markets may not provide the JSE with a clear direction on Wednesday morning, with stocks mixed after what has been a volatile start to the week.
US President Donald Trump has proposed payroll tax cuts to offset the effects of the coronavirus. The exact formulation of a fiscal package is yet to be determined, but markets are also aggressively pricing in further interest rate cuts from the US Federal Reserve, National Australia Bank analyst Tapas Strickland said in a note...
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