MARKET WRAP: Rand strengthens and JSE gains ahead of Ramaphosa address
The rand was the third-best performer against the dollar among emerging-market currencies
01 February 2021 - 18:56
The rand strengthened for a third consecutive trading session and the JSE advanced as President Cyril Ramaphosa prepared to address the nation on its Covid-19 progress; and world markets settled on reports that a recent explosion in retail trading would not derail an equity market bull run.
The rand was the third-best performer against the dollar among emerging-market currencies and the JSE all share advanced as the S&P 500 rebounded from the worst selloff since October, led by retailers, tech and industrial shares...
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