Financial Digest

JSE rebounds as global stocks recover

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Asian stocks were lifted on Monday after China’s central bank announced a reform at the weekend to lower lending rates for companies

The JSE was higher on Monday morning, tracking Asian markets, rebounding from last week's global sell-off, which saw the local bourse end its fourth consecutive week of losses on Friday.

“Risk appetite remains extremely fragile though, so more whipsawing this week would come as no surprise,” Oanda senior market analyst Craig Erlam said in a note. At 10.05am, the JSE all share had gained 1.2% to 54,520.10 points and the top 1.26%. Industrials were up 1.31% and resources 1.44%.

 

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