JSE firms on better than expected Chinese economic data
‘The stronger-than-expected China PMI has helped settle the market today with equities stabilising’
BL PREMIUM
03 August 2020 – 12:56
The JSE was firmer on Monday, with its global peers mixed as data out of China boosted investor sentiment, while the rising number of Covid-19 infections globally and tension between the US and China continue to be of concern.
China’s purchasing managers’ index (PMI) has confirmed that a steady recovery remains on track, rising to 52.8, well above the 51.3 expected.
Source: businesslive.co.za