MARKET WRAP: JSE ends weaker amid US recession concerns

The JSE closed weaker on Friday, while global stocks attempted a rebound as investors evaluated a week’s worth of US corporate earnings and data that signalled a contracting US economy.

The JSE all share index finished the week softer, with global markets also looking set for a lower weekly close as “traders weighed hawkish commentary from the Federal Reserve officials against data that showed the labour market is starting to soften,” said TreasuryONE currency strategist Andre Cilliers…

Source: businesslive.co.za