JSE firmer on promise of more US Covid-19 stimulus measures

The JSE was firmer on Wednesday with its global peers mixed, as investors were comforted by news of more potential stimulus measures from the US Federal Reserve.

One Fed policymaker pledged more support ahead after Fed officials expressed concern that the surge in Covid-19 cases might threaten consumer spending and job gains.“The resurgence in infections continues to weigh on markets, while governments try to find a balance between new restrictions and keeping economies functioning,” said Peregrine Treasury Solutions executive director Bianca Botes.

At 10.18am, the JSE all share had gained 0.71% to 55,635.34 points and the top 40 was 0.82% higher. Platinum miners had gained 1.77%, gold mining 1.31%, banks 1.53%, industrials 1.11%, financials 0.2% and resources 0.34%.