MARKET WRAP: JSE has a really bad day on dim economic outlook

The JSE had its worst day in more than a week on Thursday amid global risk aversion as concern about a slow economic recovery from the coronavirus pandemic weighed on global market sentiment. 

Global equities remained in negative territory on the day after US Federal Reserve chair Jerome Powell warned of a lengthy period of economic weakness as Covid-19 and the shutting down of businesses weighed on the US economy. Powell added that the Fed could introduce more stimulus measures if required.