MARKET WRAP: JSE and rand under pressure on hawkish Fed comments

The JSE tracked weaker global peers on Thursday and the rand was under pressure along with other emerging-market currencies as renewed concerns about recession weighed on sentiment.

Further hawkish comments from Federal Reserve officials left investors increasingly concerned that the US central bank will keep raising rates despite signs of slowing inflation...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.

Canada Canada Latest News, Canada Canada Headlines

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

MARKET WRAP: JSE marginally firmer as rand weakens amid power crisisLocal currency weakens as load-shedding and its effect on the economy weigh
Source: BDliveSA - 🏆 12. / 63 Read more »

Why the JSE is hitting new highs - despite record load shedding and recession fears | BusinessThe JSE reached a new record high this week despite local woes. This is thanks to a global rally, with some of the large multinationals on the local bourse getting a boost. But locally focused companies are also offering good value, and may outperform
Source: News24 - 🏆 4. / 80 Read more »