JSE lifts as Janet Yellen confirmation hearing boosts sentiment
The US treasury secretary nominee says the benefits of a big stimulus package are greater than the expenses of a higher debt burden
20 January 2021 - 10:43
The JSE was firmer on Wednesday, with global sentiment lifted as US treasury secretary nominee Janet Yellen advocated for a large fiscal relief package, to help the country's economy to deal with the effects of the Covid-19 pandemic.
At her confirmation hearing for the position on Tuesday, she said that the benefits of a big stimulus package were greater than the expenses of a higher debt burden, calling on the government to “act big” on a Covid-19 economic relief package, which helped lift markets...
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