The US Federal Reserve says it will continue stimulus measures
The JSE may benefit from optimism on global markets on Thursday, amid promises of continued stimulus from the US Federal Reserve and hopes regarding a viable Covid-19 treatment.
Gilead Science’s remdesivir may be approved for emergency use after trials showed patients responded when treated early. Late on Wednesday, S&P Global Ratings downgraded SA deeper into junk status, citing the government’s debt burden and the economic fallout from the Covid-19 pandemic.Gold was flat at $1,711.59/oz, while platinum was up 0.43% to $7796.80. Brent crude had gained 8.63% to $24.63 a barrel, on track for a third day of recovery.
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