MARKET WRAP: JSE resumes downward spiral

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Investors are spooked by stubbornly high US inflation and the economic toll of aggressive interest rate hikes that may be required to tame it

The JSE resumed its downward trend on Thursday along with global markets as investors fretted anew over stubbornly high US inflation and the economic tollThe local bourse fell more than 3% in intraday trading, while its European and Asian counterparts recorded losses of as much as 2.24%. Outside the US, signs of

The all share ended the day 1.7% weaker at 67,251.89 points, while the top 40 shed 1.85%, led by precious metals, resources and industrial metals, which plunged 5.79%, 4.9%, and 4.82%, respectively. “The [US inflation] data on Wednesday was really disappointing. We’ve known the peak was coming but investors needed more than confirmation of that. They needed reassuring that not only was it decelerating, but doing so significantly thanks largely to base effects. And it’s safe to say they weren’t particularly reassured,” Erlam added.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.

I'ᴍ sᴏ ᴄᴏᴍғᴏʀᴛᴀʙʟᴇ ᴍᴀᴋɪɴɢ ᴍʏ ᴡɪᴛʜᴅʀᴀᴡᴀʟs ғʀᴏᴍ JOnjalamax ᴘʟᴀᴛғᴏʀᴍ, ᴛʜᴀɴᴋ ʏᴏᴜ ғᴏʀ ᴛʜɪs ᴏᴘᴘᴏʀᴛᴜɴɪᴛʏ ʙʀᴏᴛʜᴇʀs ᴀɴᴅ sɪsᴛᴇʀs ʜᴇʀᴇ's ᴛʜᴇ ᴘᴇʀғᴇᴄᴛ ᴏᴘᴘᴏʀᴛᴜɴɪᴛʏ ғᴏʀ ᴜs ᴀʟʟ ᴛᴏ ᴇᴀʀɴ. ᴄʜᴇᴄᴋ her ᴘᴀɢᴇ

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE shakes off US inflation reportInvestors take comfort in slower annual price increases, but the Fed will be keeping an eye on the core price measure, which rose 0.6% in April faster its 0.3% increase in March
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE breaks five-day losing streakBut analysts warn that volatility is likely for the time being as risks stemming from slowing economic growth as China grapples with Covid-19, global supply-chain difficulties and the effects of the war in Ukraine remain elevated I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: BDliveSA - 🏆 12. / 63 Read more »

Market Watcher: JSE takes a swingPSG's Schalk Louw comments on factors leading to the market's positivity, the impact of inflation on commodity prices, whether we should be buying banks, and Raubex's trading statement.
Source: Moneyweb - 🏆 5. / 77 Read more »

Stocks, US futures gain as China Covid cases ease: markets wrapAsian stocks rose Wednesday amid a China rally sparked by declining Covid cases, which spurred hopes that growth-sapping lockdowns could be loosened. Treasuries were steady ahead of a US inflation report. Moneyweb Asian China New to trade? you are to understand that before you earn profit you must be investing a certain amount your investment determine your earning profit, as low as $300 investment can earn you up to $970, and not $5000📛 good info makes good earning, dm her stephinieweller to trade
Source: Moneyweb - 🏆 5. / 77 Read more »

Market Watcher: It’s not how you start, but how you finish[MARKET WATCHER] Sasfin’s David Shapiro talks US inflation, market volatility as the JSE went positive today, the Famous Brands trading update, and Dis-Chem’s data breach. MoneywebNews SAFMMarketUpdate
Source: Moneyweb - 🏆 5. / 77 Read more »