The JSE closed firmer on Thursday amid positive local economic data, while fresh hopes for the US fiscal stimulus package lifted sentiment.

US House of Representatives speaker Nancy Pelosi and US treasury secretary Steven Mnuchin expressed hope for a breakthrough in stimulus negotiations, with Mnuchin saying that an agreement had been reached on the contentious issue of direct payment to Americans. This has cleared a significant hurdle in moving forward with more fiscal stimulus to combat the effects of the coronavirus on the world’s biggest economy.

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 Sunday Times Daily.

Already subscribed? Simply sign in below.

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