MARKET WRAP: JSE firms as US economic data lifts sentiment

The JSE tracked firmer US and European markets on Wednesday as investors cheered better-than-expected economic data in the US, helping to ease fear that recession is inevitable.

Global stocks gained, with the JSE all share rising more than 1% in intraday trade after the US Institute of Supply Management (ISM) nonmanufacturing purchasing managers index (PMI) showed a surprise rebound…