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

📆 9/07/2019 6:46 a. m.
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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.

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