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JSE Top 40 Approaches Key Resistance Amid Rand Strength and Global Optimism
JSE Top 40 Approaches Key Resistance Amid Rand Strength and Global Optimism
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The JSE Top 40 Index climbed to R84,864, nearing a critical resistance level at R85,897, as the South African rand strengthened by 0.45% against the US dollar. Emerging market assets, including South African equities, benefited from the softer dollar and improved investor sentiment.
Foreign capital inflows fueled gains in the resource and financial sectors, while global tailwinds—such as easing US-China trade tensions and anticipated Fed rate cuts—provided additional support. Local economic indicators, including Manufacturing PMI and vehicle sales data, remain under scrutiny for their potential market impact.
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