MARKET WRAP: JSE ends weaker amid US recession concerns
Soft US data and mixed corporate earnings are causing concerns for investors
21 April 2023 - 18:38
The JSE closed weaker on Friday, while global stocks attempted a rebound as investors evaluated a week’s worth of US corporate earnings and data that signalled a contracting US economy.
The JSE all share index finished the week softer, with global markets also looking set for a lower weekly close as “traders weighed hawkish commentary from the Federal Reserve officials against data that showed the labour market is starting to soften,” said TreasuryONE currency strategist Andre Cilliers...
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