JSE set for mixed start on Wednesday as market awaits Fed clues

SA stocks could open mixed on Wednesday as investors await the testimony by US Federal Reserve chair Jerome Powell later in the day.

Better-than-expected jobs data from the US last week has led to doubts about the need for aggressive interest rate cuts in the world’s largest economy, which in turn has weighed on global equities. Asian stocks were mixed on Wednesday, with Hong Kong’s Hang Seng Index gaining 0.3%, the Shanghai Composite flat and Korea’s Kospi up 0.7%. Japan’s Nikkei 225 index was flat and Australia’s main benchmark advanced 0.3%.

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مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

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مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

MARKET WRAP: JSE closes lower as traders await US Fed interest-rate stanceUS Federal Reserve chair Jerome Powell will testify before the US Congress on Wednesday and Thursday
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

JSE at one-month low as market reduces Fed rate cut expectationsGlobal markets are broadly lower on Tuesday, with investors awaiting a speech later in the day by US Fed chair Jerome Powell
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »