09 July 2019 - 18:24The JSE closed lower on Tuesday, tracking global markets as traders await any further signs regarding the trajectory of US monetary policy, placing pressure on global risk assets.
Traders will be monitoring developments in the US-China trade dispute as the two economic superpowers are set to resume negotiations this week. Brait dropped 4.75% to R18.25, despite the investment holding company saying on Monday that its UK retailer, New Look, was in a better position for a turnaround in its performance.
Shortly after the JSE closed, the Dow was 0.30% lower at 26,725,22 points, its third consecutive negative day. In Europe, the FTSE 100 had fallen 0.14% and France’s CAC 40 0.32%.
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 at one-month low as market reduces Fed rate cut expectationsGlobal markets are broadly lower on Tuesday, with investors awaiting a speech later in the day by US Fed chair Jerome Powell
Source: BDliveSA - 🏆 12. / 63 Read more »
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 »
Source: BDliveSA - 🏆 12. / 63 Read more »