JSE could see a rebound on Tuesday

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South Africa Headlines News

While Asian stock markets were still on edge amid rising Covid-19 cases fuelled by the coronavirus Delta variant, stock futures in Europe and Wall Street suggested that these markets could bounce back, after a sharply weaker session on Monday.

The JSE could rebound on Tuesday amid signs of stability on global markets.

The spot price of Brent marginally up to $68.84 a barrel, after falling by up to 7%, hobbled by demand concerns and after oil cartel Opec decided to ramp up output. The local currency held steady at R14.55/$, having recovered from the three-month lows of R14.70/$ touched last week in the week the social unrest.

Source: News Formal (newsformal.com)

 

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