Asian markets may lift JSE on Monday as rand slide continues
The local currency is extending losses, which may benefit rand hedges
06 April 2020 - 07:11
The JSE could take its lead from firmer Asian markets on Monday morning, although the rand’s slide continued after Fitch Ratings downgraded SA deeper into junk status.
Risk sentiment seems to be stabilising, no doubt due to the recovering oil price, as investors wait for an Opec meeting on Thursday, said National Australia Bank analyst Tapas Strickland in a note...
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