JSE firms ahead of SA’s lockdown

“Global equities are edging higher following Monday’s drop as investors weigh optimism that intensifying global lockdown efforts, along with historic stimulus efforts paint a positive outlook for possibly later this year,” Oanda senior market analyst Edward Moya said.

Asian stocks rebounded sharply on Tuesday as the US Federal Reserve’s promise of bottomless dollar funding eased painful strain in financial markets, even if it could not soften the immediate economic hit of the coronavirus, reported Reuters.

Earlier, the Shanghai Composite gained 2.33%, Hong Kong’s Hang Seng 4.46% and Japan’s Nikkei 225 7.13%.

In Europe, the FTSE 100 was up 4.13%, Germany’s DAX 30 5.33% and France’s CAC 40 4.32%.

There is little on the local corporate or economic calendar on Tuesday.

Focus is also on the rating review by Moody’s Investors Service, scheduled for Friday.

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