MARKET WRAP: JSE closes weaker as investors eye inflation data, US earnings season

📆 10/10/2022 09:33 م
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Mild risk aversion prevails as concerns about central banks’ policy-tightening efforts and their impact on the health of the global economy continue

The JSE closed weaker in line with global peers on Monday, with investors setting their sights on this week’s US inflation report and key company earnings to further assess the strength of the economy and the Federal Reserve’s next move.

After a strong US jobs print on Friday, investors are betting on the Federal Reserve sticking to its aggressive tightening path and expect another 75 basis points hike at the next federal open market committee meeting. ..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 Sunday Times Daily.

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Stocks face brutal earnings season with all eyes on AppleInvestors expect this earnings season to pummel stocks further and will watch Apple Inc. in particular as a bellwether of global economic conditions.
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