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MARKET WRAP: JSE pushes higher for fifth month in a row

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The local bourse closed a little lower on Tuesday, but ended April 3.66% up, with its monthly winning-streak the longest in five years

The JSE fell a little on Tuesday, but capped off its fifth-consecutive month of gains in April.

Unemployment data also came in better-than-expected, and although these releases were positive, they still did not seem good enough, said Oanda analyst Craig Erlam. The JSE has been given a boost so far in 2019 by both a dovish turn by the US Federal Reserve, and by economic data showing that the global economy isn’t slowing as fast as feared.

Local markets are closed on Wednesday for the Workers’ Day public holiday. On Thursday, equities will react to the US Federal Reserve policy announcement, while the Bank of England will make its latest stance on monetary policy known on Friday.

 

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