MARKET WRAP: JSE eases after US jobless claims
Increase in new applications for unemployment benefits last week insufficient to raise concerns about a broader slowdown in the US economy
28 December 2023 - 18:58
The JSE reversed course on Thursday, surrendering earlier gains after the US reported a slight weakening in the labour market, though liquidity was thin on the penultimate trading day of the year.
The US Labor Department reported that the number of Americans filing initial claims for unemployment benefits rose by 12,000 to 218,000 in the week ended December 23, beating the average forecast of 210,000 in a Reuters survey of economists...
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