MARKET WRAP: JSE slips amid rising Covid-19 cases in Europe and US
With the US elections a week away, sentiment has taken a knock in general, with investors considering the prospect of more economic restrictions as the pandemic persists
27 October 2020 - 19:43Lindiwe TsoboThe JSE fell for a second day on Tuesday on fears that the imposition of stricter lockdown measures amid rising Covid-19 cases could threaten the global economic recovery.With infections continuing to surge across Europe, governments are being forced to consider new lockdown restrictions as the softer measures in place aren't working. Italy now has the highest restrictions since the country ended its national lockdown in May, with Spain also ramping up safeguards, which include a curfew.
BPremiumThis article is reserved for our subscribers.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.Read more: Business Day »
WATCH: A roundup of IOL’s Top 5 stories this week
From the drama around retrenchments at the SABC and Jacob Zuma facing off against Justice Zondo to the escape of Shepherd Bushiri, these are the stories that engaged IOL readers this week.
Telkom says Icasa can use spectrum to make the telecoms market more fairNetwork-sharing agreements between the two big operators, Vodacom and MTN, further entrench their place in the market, regulator is told
Trump claims pandemic progress as US Covid-19 cases surgePence's chief of staff has tested positive for coronavirus, raising more questions about White House’s safety protocols
US stocks tumble on soaring Covid-19 cases and worries over lack of stimulus dealS&P 500 heads for its biggest daily decline in almost seven weeks
Much of US Covid-19 relief depends on electionWho wins the presidency and which party controls the Senate will determine the economic reality
More than 60 million have voted in the US presidential election with 8 days to goMore than 60 million Americans have cast ballots in the US presidential election with eight days to go, a record-breaking pace that could lead to the highest voter turnout in over a century. VOTE usvote
US-backed truce breaks down in Nagorno-Karabakh hours after startingAzerbaijan and Armenia accuse each other of breaking a truce agreed to in Washington