News Formal

MARKET WRAP: Rand, JSE rally as US inflation surprises

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Markets welcome better-than-expected monthly CPI data from the Labor Bureau, but warn that the rand still faces headwinds

The rand reversed course on Tuesday, gaining the most in more than two weeks, while the JSE tracked firmer global markets after the US reported better-than-expected inflation data, raising hopes that prices are peaking.

US consumer price inflation at an annual rate of 7.1% in November, below the market expectation of 7.3% and down from 7.7% in October. Core inflation, which excludes volatile food and energy prices, rose 0.2% in the month and 6% year on year, also estimates of 0.3% and 6.1%, respectively...

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.

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.

International Finance: Dollar up, stocks down as traders eye rate paths: markets wrapThe dollar advanced and stocks extended declines in Asia at the start of a pivotal week for markets, with interest rate decisions due from the Federal Reserve, the European Central Bank and a host of their peers.
Source: dailymaverick - 🏆 3. / 84 Read more »