MARKET WRAP: JSE firms as investors digest Trump’s move to halt stimulus talks
The all share firmed 1.01% and the top 40 1.09%, with banks, resources, platinum miners, industrials and financials all up on the day
07 October 2020 - 18:31
The JSE closed firmer on Wednesday, as investors digested US President Donald Trump’s decision to halt fiscal stimulus talks.
Trump sent markets into a tailspin when he tweeted that he had issued instructions to “stop negotiating until after the election” on a new stimulus plan. Trump’s tweet came only hours after US Federal Reserve chair Jerome Powell warned that the economy needed more fiscal aid to strengthen its recovery...
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