The JSE opens to mostly weaker Asian markets on Monday morning, but there were some signs of recovery for assets that nosedived after news regarding the Omicron variant.
In early trade the rand recovered 1.08% to R16.12/$, having slumped 2.1% on Friday, breaching the psychologically important R16/$ hurdle for the first time in more than a year. US futures point to a rally in markets there later, said Halley, noting that the US depends less on foreign trade than much of the world, while sentiment towards equities will remain very fragile.
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