MARKET WRAP: JSE weaker as US stimulus ‘already priced in’
The all share lost 0.52% and the top 40 0.49%, with the rand falling along with its emerging-market peers
The JSE tracked weaker European markets on Friday, pulled lower by resources, property and general retailers, as investors assessed the much-anticipated US Covid-19 relief plan and stricter lockdowns amid surging Covid-19 cases in some parts of the world.
US president-elect Joe Biden has proposed a $1.9-trillion stimulus plan to fund immediate relief for the pandemic-wracked US and jump-start the world’s largest economy. Global stocks initially firmed on Thursday on reports that the stimulus package could be bigger than expected. ..