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Although the JSE closed up on Friday, led by a strong performance by miners, it reported a loss of 2.70% for the week. The All Share rose 1.05%.
Wall Street opened lower on Friday due to combined concerns about US-China trade tensions flaring up and the effect of COVID-19 on the economy. Shortly after the JSE closed, the Dow was 0.81% lower.
European shares gained ground on Friday, boosted by positive factory data out of China, but was capped by trade war worries. At 18h40, the STOXX 600 Index stood at 0.47%.
Asian indices traded down on Friday as trade tensions between the US and China worsened. The Hang Seng closed 0.14% in the red.
Japanese shares rose on Friday after three consecutive sessions of losses. The Nikkei traded 0.62% up.
The local currency weakened on Friday as fears around the resurgence of COVID-19 hurt sentiment towards emerging markets. At 17h50, the rand traded at R18.59/$, R22.52/£ and R20.10/€.
The gold price was boosted on Friday by renewed US-China trade tension amid recession concerns. An ounce of spot gold cost $1 745.25 at 17h50.
The oil price jumped on Friday as reports showed that demand is once again rising. At 17h50, a barrel of Brent crude traded at $29.55.
Source: Reuters, Business Day, Trading Economics
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