MARKET WRAP: JSE follows European and US markets firmer
Sentiment is being buoyed by positive corporate earnings reports and Friday’s better-than-expected US January employment data
07 February 2022 – 18:33
The JSE extended Friday’s gains, tracking firmer European and US markets which were benefiting from positive corporate earnings reports and Friday’s better-than-expected US January employment report, which showed the Omicron Covid-19 variant failed to derail a labour market recovery in the world’s largest economy.
Positive earnings helped lift sentiment at the start of a new week after three-quarters of S&P 500 listed companies met or beat earnings expectations for the fourth quarter. ..
Source: businesslive.co.za
