JSE closes higher in risk-on trade following disappointing US jobs data

03 September 2016 - 10:30

By Maarten Mittner

The JSE closed firmer on Friday as US nonfarm payrolls came in lower than expected making an interest-rate increase later in September unlikely. Nonfarm payrolls increased 151‚000 in August‚ below the consensus forecast of 180‚000 and much lower than the 255‚000 in July. The unemployment rate was 4.

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