JSE closes weaker as miners weigh in wake of strong US jobs data
06 August 2016 - 10:41
The JSE closed lower on Friday following the release of better than expected July US jobs data earlier in the afternoon‚ increasing the likelihood of a possible US interest-rate increase this year. Nonfarm payrolls rose by a seasonally adjusted 255‚000 in July. Revisions showed US employers added 18‚000 more jobs in May and June than previously estimated‚ Dow Jones Newswires reported.
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