Rapid rise in new Covid-19 cases continues to weigh on markets
The JSE could start the week on a positive note, tracking Asian stocks amid growing optimism about the prospects of global economic recovery.
While the reopening of more economies has aided market sentiment, the rapid rise in new Covid-19 cases continues to weigh on markets as investors worry that a spike in new cases could further delay reopening in some parts of the US. At 7.37am, the rand had firmed 0.38% to R16.9354 per dollar and 0.12% to R21.1636 a pound while it was flat at R19.1145 per euro. The euro had firmed 0.36% to $1.1287.
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