MARKET WRAP: Stocks and rand play catch up after Workers’ Day

JSE closed weaker on Tuesday, its first day of trading this week after Monday’s public holiday, amid firmer European and US markets, while the rand firmed along with the emerging-market currencies with the focus on the outcome of the US Federal Reserve’s two-day FOMC meeting on Wednesday.

Global markets remain under pressure as inflation jitters, tighter monetary policy and lockdowns in China fuel growth concerns…