JSE marginally firmer on strong US data
Emerging market currencies face headwinds due to robust US data and the potential for higher rates
30 June 2023 - 11:25
The JSE was firmer on Friday morning, with global markets mixed as investors weighed strong economic data in the US with global recession concerns.
The US economy expanded by 2% in the first quarter of the year, well ahead of the 1.4% growth forecast by economists,while jobless claims in the latest week fell to the lowest since May, reaching 239,000 compared with the Bloomberg median forecast of 270,000...
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