JSE may extend losses on Friday as outlook becomes gloomier
Investors are considering the potential of a second wave of US Covid-19 infections, and economic fallout from the pandemic
BL PREMIUM
12 June 2020 – 07:04
The JSE may take its lead from weaker Asian markets and extend losses for a fifth-consecutive session on Friday, which would be its longest losing streak in over a year.
Sentiment has taken a hit from reports of new Covid-19 cases in parts of the US, while investors are also digesting the downbeat expectations of the US economy from that country’s central bank.
Source: businesslive.co.za