JSE’s recovery could continue on Wednesday after US markets surge
The prospect of a huge US stimulus bill passing Congress prompted the Dow to jump 11% on Tuesday, with Asian markets firmer on Wednesday
25 March 2020 - 07:06
The JSE’s recovery may continue on Wednesday morning, after US markets had their best day since 1933 on Tuesday on news that US legislators were close to finalising a colossal stimulus bill aimed at counteracting the economic damage caused by the coronavirus outbreak.
The Dow jumped 11% on Tuesday as Wall Street cheered the prospect of an aid package targeting economic sectors hit hard by the pandemic. This follows unprecedented liquidity injections from the US Federal Reserve...
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