MARKET WRAP: Stocks and rand play catch up after Workers’ Day
Global shares suffered a sharp sell-off overnight, prompting a 1.52% drop on the JSE on Tuesday, while the rand pared some of its recent losses
03 May 2022 - 18:29
JSE closed weaker on Tuesday, its first day of trading this week after Monday’s public holiday, amid firmer European and US markets, while the rand firmed along with the emerging-market currencies with the focus on the outcome of the US Federal Reserve’s two-day FOMC meeting on Wednesday.
Global markets remain under pressure as inflation jitters, tighter monetary policy and lockdowns in China fuel growth concerns...
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