JSE close surrendered earlier gains on Thursday while the rand held steady around R17 to the dollar as the European Central Bank and the Bank of England followed the Federal Reserve in hiking rates.
As widely expected, the ECB lifted its deposit rate by 50 basis points, taking the lending benchmark to 2.5%, the highest since 2008, but it warned that monetary tightening isn’t done even as energy prices plunge...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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MARKET WRAP: JSE slips but ends the month strongInvestors are firmly focused on the Fed, the ECB and the Bank of England while the US earnings season isn’t playing out as hoped
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MARKET WRAP: JSE and rand firm as Fed meeting draws to a closeAll eyes are on Fed chair Jerome Powell who will give a briefing after a widely expected 25 basis-point rate hike
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