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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MARKET WRAP: JSE muted, with focus on US CPIHigher than expected increase in US producer prices keeps investors on edge ahead of inflation data on Thursday
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MARKET WRAP: JSE pares losses despite hot US CPIInvestors appear to be resigned to another aggressive rate hike by the Fed after higher-than-expected inflation in September
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