to a three-month high. Treasury yields stabilised after large declines on Powell’s comments.
Sentiment in Asia got an extra China’s top official in charge of the fight against the coronavirus. Vice Premier Sunthe country’s efforts to combat the virus are entering a new phase with the omicron variant weakening and more Chinese getting vaccinated. Equities were buoyed by Powell’s indication that the Fed would balance tackling inflation with supporting the economy, said Krishna Guha, head of central bank strategy for Evercore ISI.
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MARKET WRAP: Rand firms as China reports drop in record Covid casesInvestors will be keeping a close eye on developments in China and Wednesday’s speech by Fed chair Jerome Powell
La source: BDliveSA - 🏆 12. / 63 Lire la suite »
MARKET WRAP: Rand firms as China reports drop in record Covid casesInvestors will be keeping a close eye on developments in China and Wednesday’s speech by Fed chair Jerome Powell
La source: BDliveSA - 🏆 12. / 63 Lire la suite »