JSE lifts a bit as investors focus on US economic data

The JSE was marginally firmer on Friday morning, with global peers mixed as investors assessed mixed US corporate earnings and the country’s robust economic data.

Stronger-than-forecast US GDP data released on Thursday, driven largely by consumer spending and residential construction, added to the gloom since the news is likely to reinforce the US Federal Reserve’s view that interest rates need to remain elevated to bring inflation down…