MARKET WRAP: Rand firms as focus turns to Fed meeting

📆 22.03.2023 22:37:00
📰 BDliveSA

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Deutschland Nachrichten Nachrichten

Currency gains on rising likelihood of higher local rates after Stats SA reports worse-than-expected inflation data for February

The rand broke a five-day losing streak on Wednesday as investors digested worse-than-expected local inflation data, while the JSE closed firmer with markets focused on the outcome of the US Federal Reserve policy meeting.

SA annual consumer inflation rose for the first time in four months in February. The headline consumer price index rose at an annual rate of 7% in February, up from 6.9% in January and above the Bloomberg median estimate of 6.8%...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.

Schreibe Kommentar

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: Asia stocks rise as bank fears ease; Fed path eyed: markets wrapA mildly positive tone for risk taking returned to Asian equity markets on Tuesday as immediate concerns over the strength of the global financial system dissipated.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »