South Africa's stock market experiences a significant rally, with investors showing increased positivity towards the nation's equities. JP Morgan upgrades South African stocks from Underweight to Overweight, leading to a surge in the Johannesburg Stock Exchange and the rand. The market sees a boost following the confirmation of a unity government in South Africa, with anticipation building around upcoming Federal Reserve discussions.
South African assets soar after unity government confirmed, Fed talks ahead https://t.co/FFaaxvlpH3 https://t.co/ol1xgeTJNj
South Africa $EWZ exploding higher today https://t.co/0FEncO1UEC
JPMorgan double upgrades South Africa to 'overweight' as JSE, rand rally on post-election optimism $SBSW $SSL $IMPUY https://t.co/umrPxRky09
JP MORGAN upgrade South African stocks from UW (Underweight) to OW(Overweight) $EZA https://t.co/UQWjTKBirb
South Africa’s stock benchmark rallies the most this year, suggesting investors are turning positive on the nation’s equities https://t.co/3f74We2BRq