JSE faces weaker Asian markets on Wednesday as investors eye US jobs report

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JSE faces weaker Asian markets on Wednesday as investors eye US jobs report
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Activity this week is expected to remain subdued ahead of nonfarm payrolls data on Friday, with investors also watching rising energy prices

The JSE looks set to open to weaker Asian markets on Wednesday morning, with sentiment still fragile ahead of the US nonfarm payrolls report on Friday.

Concern over the indebtedness of Chinese property developers has also picked up this week, with Fantasia joining Evergrande in missing debt payments, which comes as that country grapples with coal shortages. The choppy week continues as markets chase their tails in a light data week ahead of nonfarm payrolls, said Oanda senior market analyst Jeffrey Halley in a note.

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