The JSE closed weaker on Friday as markets continue to be affected by the rising Covid-19 numbers both in the US and globally, even as economic data remains somewhat positive.

US jobless claims for last week were better than expected, helping to lift sentiment regarding the outlook for the world’s largest economy. However, record spikes of Covid-19 infections in Hong Kong and Tokyo have fuelled fears of a second wave hitting Asia; while the number of cases in the US continues to be worrying.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now