JSE and rand firm to weekly best due to strong Chinese data

The rand strengthened to its best level in a week on Wednesday morning while the JSE firmed along with global markets, after strong economic data from China showed the country’s economy continued a strong rebound after abandoning its Covid-19-Zero policy.

The country’s manufacturing PMI numbers came out higher than expected — the biggest improvement in more than a decade, while data also pointed to services activity climbing and the housing market stabilising, reported Bloomberg…

Source: businesslive.co.za