The JSE looks set to open to a mixed picture for Asian markets on Thursday morning, while the rand was steady after approaching R16/$ on Wednesday.
Some US economic data was also strong overnight, including data showing that consumer spending remained upbeat, while core personal consumption expenditures — the Fed’s preferred inflation measure — came in as expected at 4.1% year on year in October.
This helped boost the dollar, with the rand touching R15.97/$ on Wednesday, while in morning trade on Thursday the local currency was little changed at R15.86/$. Local focus on Thursday is on worrying Covid-19 numbers, with daily cases rising to 1,000 in Gauteng this week, prompting concerns that the fourth wave is on its way.
Trying to infuse significance into asian markets movements simply because of time zones
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