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The JSE closed up by 0.64% on Tuesday as optimism over a successful COVID-19 vaccine continued to boost appetite for riskier assets.
US markets were mixed on Tuesday as investors continued to desert big tech names that rallied during the past few months.
European shares rose for a second consecutive day on Tuesday as sentiment about a successful COVID-19 vaccine continued to boost markets.
The Hang Seng added 1.10% on Tuesday, as developments in a successful COVID-19 vaccine increased risk appetite.
The Nikkei rose slightly to 0.27% on Tuesday after vaccine developments boosted travel and retail shares.
The rand weakened by 0.14% against the US dollar on Tuesday trading at $15.61/$ at 18h40.
The possibility of further stimulus helped gold to remain steady on Tuesday, trading at $1 883.22 an ounce at 18h40.
Forecasts of negative fuel demand were outweighed by optimism over a successful COVID-19 vaccine that kept Brent crude prices above $42 a barrel on Tuesday.
Source: Reuters, Business Day, Trading Economics
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