MARKET WRAP: Rand and JSE weaken on startling US jobs data
Locally, mines minister Gwede Mantashe has said some mining companies are set to resume production, albeit at half-capacity
BL PREMIUM
16 April 2020 – 18:56
After being firmer earlier, the rand turned negative late on Thursday, recording its fourth successive day of losses, while the JSE closed lower as investors digest a significant rise in US jobless claims.
The number of Americans filing for unemployment benefits came in at 5.2-million in the week ending April 11, from 6.6-million in the prior week, as the world’s largest economy remains under pressure due to the Covid-19 pandemic.
Source: businesslive.co.za
