News Formal

MARKET WRAP: JSE succumbs to interest rate concerns

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Strong weekly US jobs data and higher underlying inflation in Europe strengthen the case for further monetary tightening

The JSE closed weaker on Thursday, while global markets rebounded mildly amid renewed concerns about further rate increases in the wake of supportive economic news.

Initial jobless claims in the US fell in the past week, according to Labor Department data, pointing to sustained labour market strength in the world’s biggest economy and adding to fears that the Fed could keep hiking interest rates for longer...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.

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 CA
 

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

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: China data gives the rand and JSE a welcome boostFactory activity in the world’s second-biggest economy far exceeded expectations, which is good news for commodity producers
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asian equities swing lower, led by China tech: markets wrapA gauge of Asian stocks dipped, led by declines in Hong Kong-listed technology shares, and US equity futures dropped as traders continued to digest more hawkish comments by Federal Reserve officials.
Source: dailymaverick - 🏆 3. / 84 Read more »