MARKET WRAP: JSE gains as investors cheer better-than-expected US jobs data
The rand capped its best week in three after data showed the Reserve Bank purchased R10.2bn in government bonds in May
BL PREMIUM
05 June 2020 – 18:20
The JSE tracked global equities higher on Friday as US employment data came in better than expected and a pick-up in business activity aided sentiment.
The US added 2.5-million jobs in May in spite of expectations of further cuts in the labour market amid Covid-19. The consensus according to Trading Economics was for the US to have shed 8-million jobs.
Source: businesslive.co.za
