JSE bounces back but will remain vulnerable in 2021
The bounce-back in the world’s stock markets, after the crash in March, is no indication that global economies are now back on track
The recovery in global markets, following the crash in March 2020, eclipsed the magnitude and speed of previous corrections. The pendulum oscillated from red to black since that crash, and some industries proved more resilient than others.
Globally, the MSCI world and MSCI emerging markets indices ended the year up 11.67% and 16.64% respectively. In the US, the S&P 500 continued to beat its own record highs, breaching 3,700 points by the end of 2020, taking it well ahead of its pre-crash levels of about 3,100 points — driven by technology stocks and speculation of further stimulus in the world’s largest economies...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.