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U.S. stock futures rose Thursday as investors cheered signs of progress toward a fresh stimulus package that could support the economy through a potential winter slowdown.

South Africa’s main equities index rallied beyond the 60,000 points level for the first time since August 2018, benefiting from positive sentiment toward riskier assets as investors mulled speculation Washington lawmakers are edging closer to a U.S. stimulus deal.

Foreigners were net purchasers of South African stocks for an eighth day on Tuesday, buying 629 million rand ($43 million) of shares, according to exchange operator JSE Ltd.

A surge in risk appetite has also seen emerging market currencies, including the rand, firm today to currently trade at 14.69/USD.

South African Stocks Climb to 2018 High With Index Above 60,000

South Africa’s main equities index rallied beyond the 60,000 points level for the first time since August 2018, benefiting from positive sentiment toward riskier assets as investors mulled speculation Washington lawmakers are edging closer to a U.S. stimulus deal.
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