MARKET WRAP: JSE firms as global banking fears ease

📆 29/03/2023 18:10:00
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Concerns about higher interest rates pushing the global economy into a recession are still evident though, analysts warn

The JSE tracked firmer global peers on Wednesday as anxiety surrounding the global banking sector eased, in part due to policymakers’ efforts to secure deposits and provide liquidity.

However, analysts have warned that concerns about higher rates pushing the global economy into recession are still evident...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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Business Maverick: Asian stocks rise, dollar slips as bank fears ease: markets wrapAsian equities climbed, US stock futures edged higher and the dollar declined as fears of broader contagion from the banking turmoil eased. USA must accept the wind of change. NATO or western influence is diminishing especially after the Ukraine and Russia conflict. Russia is fast getting the support from the African states and other Arab and more countries want to join BRICS. US dollar is slowly losing power.
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