News Formal

JSE at one-month low as market reduces Fed rate cut expectations

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Business News News

Global markets are broadly lower on Tuesday, with investors awaiting a speech later in the day by US Fed chair Jerome Powell

The JSE tracked broadly weaker global markets on Tuesday morning, with only gold miners lifted a little by safe-haven trade, as markets continued to dial back expectations of US interest-rate cuts.

An upbeat US jobs report on Friday caused the shift in expectations, and focus is now upon a speech by US Federal Reserve chair Jerome Powell, expected at 2.45pm SA-time.

 

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.

JSE set for weak start on Monday as Asian stocks slide on US jobs dataMarkets will closely monitor Federal Reserve chair Jerome Powell’s testimony to the Congress on Wednesday and Thursday amid renewed attacks on him
Source: BDliveSA - 🏆 12. / 63 Read more »

Asia stocks fall as hopes fade for big Fed rate cutTwo-week low for stocks as tech firms are pulled lower by Apple slump
Source: BDliveSA - 🏆 12. / 63 Read more »