MARKET WRAP: JSE slumps as recession fears back in the spotlight
Stocks surrender all of Monday’s gains and more as US returns after July 4 holiday, while oil prices pull back from recent highs
05 July 2022 – 19:11
The JSE tracked European and US markets on Tuesday, surrendering all of the previous session’s gains and more as concerns about global recession weighed on investor sentiment.
Having gained 2% on Monday, the all share lost as much as 3.4% in intraday trade as the sell-off gathered momentum when US markets resumed trade after the July 4 holiday weekend…
Source: businesslive.co.za
