JSE could benefit from upbeat Asian markets on Monday after US jobs data

Nonfarm payrolls came in well short of expectations on Friday, but did show strong wage growth

The JSE faces a mostly positive session on Asian markets on Monday morning, with the threat of Covid-19 and the future of monetary policy still the major themes occupying investors’ minds.

Friday’s US employment data substantially lowered the risks of a US Federal tapering this year, which is playing out well in Asian equity markets, Oanda senior market analyst Jeffrey Halley said in a note. In morning trade Japan’s Nikkei added 1.71% and the Shanghai Composite 1.01%, while the Hang Seng was up 0.45%.Gold was flat at $1,826.06/oz while platinum was little changed at $71.77. Brent crude was 1.47% lower at $71.77 a barrel.

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