MARKET WRAP: JSE at record high as markets cheer US stimulus
The rand was relatively steady throughout the day, reaching an intraday best of R14.8625/$, its best level in a week
11 March 2021 - 18:37
The JSE closed at a record high on Thursday, tracking firmer global markets as investors cheered the passing of the US Covid-19 relief bill, which boosted appetite for riskier assets. Gold miners and industrials fared best.
US President Joe Biden’s $1.9-trillion relief bill cleared its final congressional hurdle on Wednesday, with the House of Representatives giving final approval to one of the largest economic stimulus measures in US history...
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