News Formal

MARKET WRAP: JSE joins global jitters over US debt vote

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Business Business Headlines News

Rand remains under huge pressure as US House of Representatives prepares to vote on the deal to increase the government’s spending cap

The JSE tracked weaker global markets on Wednesday as investors awaited the outcome of a vote on the US debt limit deal days before a potentially catastrophic default.

The deal, reached at the weekend by President Joe Biden and House Speaker Kevin McCarthy, cleared an important hurdle on Tuesday, Bloomberg reported. Legislation to suspend the borrowing ceiling for a period and cap federal spending was advanced by the House Rules committee on a 7-6 margin, sending it to a vote on final passage by the full House of Representatives...

 

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

Business Business Latest News, Business Business Headlines

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

MARKET WRAP: Debt ceiling doubts cast a pall on sentimentJSE reverses course and the rand takes another hammering after the government grants diplomatic immunity to Brics summit attendees
Source: BDliveSA - 🏆 12. / 63 Read more »

BREAKING | New Russia-SA concerns push rand to record low | BusinessBREAKING | Traders have been unnerved by SA's decision to grant diplomatic immunity to attendees of the BRICS summit. News24_Business
Source: News24 - 🏆 4. / 80 Read more »