MARKET WRAP: JSE rebounds after Friday’s sell-off
An unexpected interest rate cut by the People’s Bank of China for the first time in almost two years had a positive effect on global sentiment
17 January 2022 – 18:53
The JSE staged a rebound on Monday, while global markets were mixed, as a public holiday in the US resulted in low trading volumes.
The JSE all-share index — which reached a record high of 75,925 on Thursday — dropped 1% the following day, but recovered on Monday. An unexpected interest rate cut on medium-term loans by the People’s Bank of China for the first time in almost two years had a positive effect on sentiment…
Source: businesslive.co.za
