JSE pares Friday’s gains, with focus on US inflation numbers

The JSE was weaker on Monday morning paring Friday’s gains after China’s authorities denied that it would ease its zero-Covid-19 policy.

Friday morning’s global markets rally was based on speculation that China would soon be lifting Covid-19 restrictions, which was sparked by unverified reports that the world’s second-largest economy was working on a plan to end a system that banned individual flights from bringing in passengers infected with Covid-19. That prompted a huge rally in commodities across the board, and boosted the rand…