The JSE faces firmer Asian markets on Monday morning amid upbeat data from China that indicates continued recovery for the world’s second-largest economy.
“The data further reinforces the line of thought that suggests China’s recovery remains on track, but is domestic consumption-led, with export markets still fragile as Covid-19 rampages across the globe,” said Oanda senior market analyst Jeffrey Halley in a note. Gold was up 0.2% at $1,970.40 an ounce while platinum had risen 1.1% to $937.42. Brent crude was up 0.48% to $46.08 a barrel.RCL Foods is due to report writedowns and a trading hit from Covid-19 for its year to end-June later on Monday.
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