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MARKET WRAP: JSE rebounds with global markets as US nonfarm payrolls cool down

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The JSE was boosted by stability in commodity prices as the dollar weakened after the US nonfarm payrolls report

07 July 2023 – 18:46 Andries Mahlangu

The JSE ended 1% higher on Friday, reversing losses of as much 2%, indicating the degree to which markets have become skittish as they continue to second guess the interest rates outlook in the US.

The all-share index gained 0.96% to 74,823.02 points, as the heavily sold down resources market rebounded, boosted by some stability in commodity prices as the dollar weakened after the release of the US nonfarm payrolls report…

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