JSE slips as investors consider more news on Omicron
Investors ‘should not be fooled into thinking the risks of whipsaw price have now disappeared’ one analyst says
The JSE was weaker on Thursday morning, while global markets were mixed as investors weighed up the effects of the new Covid-19 variant on the economy.
Even though the new variant showed to be milder than the Delta-variant symptom-wise, Omicron is 4.2 times more transmissible in its early stage than Delta is, according to a study from Japan. The finding is likely to confirm fears about the new strain’s contagiousness, while restrictions are being imposed globally after a rise in cases. ..