MARKET WRAP: JSE weakens in line with global peers

The JSE finished weaker on Monday, but was off the day’s lows, as investors grappled with the US Federal Reserve’s messages on inflation and interest rates.

“Powell sent a short and direct message that there won’t be a Fed pivot any time soon and that has markets positioned for further equity weakness,” said Edward Moya, market analyst at Oanda. Resource shares were the biggest drag on the overall local market, but Sasol bucked the trend with a gain of 4.66% to R364.24 thanks a higher international commodity prices.However, retailers stood out as the bright spot after Walmart offered to buy all the shares in loss-making Massmart it does not already own. Massmart surged nearly 45% to close at R58.68.

l have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Maverick: Stocks, futures sink as dollar jumps with yields: markets wrapFederal Reserve chair Jerome Powell’s signal of higher-for-longer interest rates coursed through markets on Monday, sinking stocks and equity futures and lifting two-year Treasury yields to levels last seen in 2007.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »