JSE faces coronavirus uncertainty on Friday

The JSE faces mixed Asian markets on Friday morning, with the economic effect of the coronavirus remaining the most important factor for investor sentiment.

China moved to cut lending rates on Thursday, with the Shanghai Composite extending gains on Friday morning.Anxiety over the virus has reached a new level, with attention now fixed on the outbreak outside China,“US and eurozone equity markets have been sold across the board with core global yields benefiting from a safe haven demand,” said Catril.Gold was up 0.32% to $1,624.72/oz while platinum was up 0.63% to $981.93. Brent crude was 0.24% lower at $58.93 a barrel.

Why today, Friday? It’s been going on since December 2019?!

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