The JSE, which edged lower last week, could open slightly higher on Monday after data showed that the US economy grew faster than expected in the first quarter.
The S&P 500 gained 0.5% on the day to reach a record high, even though investors held concerns that consumer spending in the world’s biggest economy had slowed for a third consecutive quarter, suggesting that growth momentum could ease up. African Equity Empowerment Investments could report financial results on Monday after missing its own guidance that it would report last week.
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