MARKET WRAP: JSE snaps six-day rally ahead of Sona

The JSE snapped a six-day winning streak ahead of President Cyril Ramaphosa’s state of the nation (Sona) address, while the rand traded at an almost six-week high following dovish comments by US Federal Reserve chair Jerome Powell on Wednesday, which maintained investor appetite for higher yielding assets.

A global equity markets rally paused on Thursday as investors reassessed US inflation expectations following Powell’s comments and continued to gauge progress on vaccine rollouts worldwide…