MARKET WRAP: JSE snaps three-day decline and rand strengthens
Investors shrugged off US stimulus package concerns amid signs of possible Brexit deal
23 December 2020 - 18:34
The JSE advanced for the first session in four and the rand strengthened as investors weighed the US pandemic relief package passed by Congress on Monday night possibly being scuppered with signs of progress in Brexit talks.
The rand traded near its strongest level since January and the all share advanced after outgoing US President Donald Trump demanded changes to the $900bn spending package, saying the direct payments to individuals should be increased from $600 to $2,000, while couples should be awarded $4,000...
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