MARKET WRAP: JSE follows global stocks higher

The JSE tracked firmer global markets on Monday, building on Friday’s gains, while markets await an address by US Federal Reserve chair Jerome Powell and key data from the US this week.

Focus remains firmly on inflation and the effects any further tightening of monetary policy will have on global growth. Investors will pay close attention to Powell, who is due to testify before Congress on Tuesday and Wednesday, while the non-farm payroll data is due on Friday…