The JSE rose the most in more than two months on Wednesday, tracking firmer global markets after US jobs numbers came in better than expected. ADP private payrolls data showed employers added 140,000 jobs last month. 

The report comes ahead of the closely watched nonfarm payroll report due to be released on Friday. A lower reading than January’s stronger-than-anticipated data could give investors hope that the US Federal Reserve could cut rates sooner. ..

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.