MARKET WRAP: JSE firmer as global markets stage a rebound

The JSE broke a three-day losing streak on Friday, with markets staging a rebound after less hawkish comments from US Federal Reserve officials, while digesting mixed economic signals from the US and China.

For the week, the local bourse fell 1.52%, pushed lower by retailers (-4.66%), industrial metals (-4.08%), resources (-3.59%) and precious metals (-3.42%). Investors have been cautious, weighing poor economic data from China and the prospect of the Fed keeping interest rates higher for longer…