JSE may benefit from stimulus efforts on Wednesday
Asian markets are a little higher on Wednesday, as the White House seeks a package that could include direct payments to households
The JSE could take its lead from positive Asian markets on Wednesday morning, with the focus still squarely on the coronavirus outbreak and responses by governments to shore up their economies.
The White House has proposed a $1-trillion stimulus package that could include $1,000 direct payments to households, as well as support for various industries. The US Federal Reserve is expected to further discuss its forecasts and strategy tonight, said Peregrine Treasury Solutions treasury partner Bianca Botes in a note. This follows its recent flurry of stimulus measures, including the most recent interest rate cut, that have been largely ineffective in curbing the panic in the market, she said...
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