JSE faces mostly weaker Asian markets on Monday
Concerns of a second wave of Covid-19 in Europe and US-China trade war risks weigh on sentiment
21 September 2020 - 07:11
The JSE faces weaker Asian markets on Monday morning, with rising Covid-19 cases in Europe prompting concern about a global economic recovery.
After the initial bounce from full-blown lockdowns, Europe’s economic trajectory could be entering a gloomy second phase characterised by ongoing social distancing, elevated unemployment, and increasing damage to the supply side, said AxiCorp chief global markets strategist Stephen Innes in a note...
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