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MARKET WRAP: JSE closes slightly lower as investors digest new US consumer survey

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Investors will be watching the corporate earnings season in the US for clues on how the Fed’s aggressive interest rate hikes have affected profits

The JSE closed marginally weaker on Friday, giving up gains from earlier in the session as investors digested new inflation expectations in the US.

A consumer survey from the University of Michigan showed expectations for elevated inflation were increasing. The survey is closely watched by the Federal Reserve and could mean more aggressive interest rate hikes will remain in place 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.

 

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