JSE to contend with weaker Asian markets on Friday after Chinese data miss
There is caution in the market amid surging Covid-19 numbers in parts of Asia, with a gauge of Chinese factory activity also missing expectations
30 April 2021 - 07:16
The JSE faces weaker Asian markets on Friday morning, with Covid-19 remaining an ongoing threat to sentiment, while the official gauge of the health of China’s manufacturing sector missed expectations.
Chinese factory activity expanded at a slower-than-expected pace in April. The data, which largely focuses on big and state-owned firms, showed businesses again laid off workers in April after increasing hiring the month before for the first time in nearly a year, Reuters reported...
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