MARKET WRAP: JSE firms as US economic data lifts sentiment
Investors cheer better-than-expected figures from the manufacturing sector
03 August 2022 - 19:38
The JSE tracked firmer US and European markets on Wednesday as investors cheered better-than-expected economic data in the US, helping to ease fear that recession is inevitable.
Global stocks gained, with the JSE all share rising more than 1% in intraday trade after the US Institute of Supply Management (ISM) nonmanufacturing purchasing managers index (PMI) showed a surprise rebound...
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