JSE slips as local market plays catch-up after long weekend

Investors were mulling over the sale of First Republic to JP Morgan in a government-led deal on Monday

The JSE was weaker on Tuesday morning, with local markets catching up with mixed global peers after the long weekend. Investors are considering the sale of First Republic to JPMorgan in a government-led deal on Monday.

bank failure in US history, and the fourth regional lender to collapse since early March, Bloomberg said. “Cautious trade is expected as SA returns from the long weekend and ahead of the all-important US rate decision, which is largely expected to be the final hike by the Federal Reserve,” said Citadel Global director Bianca Botes,

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