JSE could take a breather after hitting record highs

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The local share market has recently outperformed major stock market benchmarks, including the S&P 500

While the big miners and individual shares have done the heavy lifting, the so-called SA incorporated shares have held up relatively well despite uncertainties on the growth outlook.

The release of US consumer inflation figures on Thursday afternoon will take centre stage. Markets have been fretting about the pace of potential hikes in US interest rates for weeks, as inflation in the world’s biggest economy is at its highest level in nearly four decades.

 

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