JSE firmer as investors digest dreadful US economic figures

The JSE was firmer on Friday, with its global peers mixed as investors digested data showing a historic contraction in US GDP in the second quarter.

Data out of the US on Thursday showed that US GDP shrunk an annualised 32.9% in the second quarter of 2020, the country’s steepest contraction in 73 years. Sentiment is also under pressure from concerns of rising Covid-19 numbers in economies across the globe.

Source: businesslive.co.za