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The JSE ended higher on Friday but was on track for a third weekly drop following the release of poor economic data. At the closing bell, the JSE All Share gained 0.50%.
Wall Street indices rose on Friday following the release of nonfarm payroll data that pointed to moderate jobs growth in September. At 19h30 on Sunday, the S&P 500 and Nasdaq gained 1.42% and 1.40% respectively.
European markets surged on Friday as data showing moderate jobs growth in the US eased fears of a global recession. Shortly after the JSE closed, France’s CAC 40 gained 0.38%.
Hong Kong stocks dropped on Friday as investors continued to digest Washington’s latest threat to impose tariffs on over $7 billion worth of European Union imports. The Hang Seng ended 1.09% lower.
Notwithstanding a poor performance by financials, Japanese stocks remained steady as investors sought new catalysts from US jobs data on Friday. At 20h00 on Sunday, the Nikkei had gained 0.32%.
The rand made solid gains on Friday and was set for a weekly gain as investors unravelled the ANC's latest strategy to boost the domestic economy. At 20h15 on Sunday, a dollar traded at R15.04.
Gold prices went up for a fourth consecutive session on Friday after positive US jobs growth data boosted investors’ appetite for the safe-haven metal. An ounce of spot gold traded at $1 504.76 at 20h15 on Sunday.
The price of oil rose on Friday but was set for a weekly decline as investors feared that slowing global growth might impact energy demand. At 20h30 on Sunday, a barrel of Brent crude traded at $59.03.
Source: Reuters, Business Day, Trading Economics
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