MARKET WRAP: JSE slips as investors bet on higher interest rates for longer

The JSE tracked weaker global markets on Tuesday as investors’ fears that the Federal Reserve might keep interest rates higher for longer outweighed optimism about an economic recovery in China.

Speculation that the Fed would keep monetary policy tight to tame stubborn inflation gained momentum after US services data for November. The measure of business activity by the Institute for Supply Management came in stronger than expected on Monday, suggesting the largest part of the world’s biggest economy remains resilient. The data comes after stronger nonfarm payrolls last week. ..

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: Rand and JSE gain, but risks remainDomestic political developments, US Fed’s next move on interest rates and an increase in risk aversion seen as key issues Mxm
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asian equities, commodities rise on China outlook: markets wrapAsian equities and commodities rose as traders bet on further reopening of the Chinese economy from Covid restrictions. Currencies of materials and energy exporters climbed. Greatest desire of earning with crypto world have been a dream come true for me through the master AmelieLemaire0 he guides me through the investment process now my life is worth living thanks for the opportunity AmelieLemaire0
Source: dailymaverick - 🏆 3. / 84 Read more »