The rand was at a one-year high against the dollar on Monday morning, with the JSE at another record high, as emerging markets continue to find favour from the prospect of hefty stimulus spending in the US.

There is a robust risk-on tone in markets, and while the driver is not immediately apparent, it may be linked to the quick end to former US President Trump’s impeachment trial on Saturday, said Axi chief global markets strategist Stephen Innes in a note...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now