Emerging market stocks suffered their worst day in over three months on Monday and developing currencies slipped as a Covid warning from China added to fears over rising global inflation ahead of a US Federal Reserve meeting later in the week.
’s index for emerging market equities fell 3.1% by 1138 GMT while the emerging currency benchmark slipped 0.6% – both at their lowest level in around three weeks. The declines mirrored sharp declines in global markets more widely after data on Friday showed US inflation was running red-hot, fuelling worries about even more aggressive policy tightening in a big week for central banks.
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JSE, rand bleed amid global market selloff | Fin24The JSE's All-Share index lost more than 2% on Monday. As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of Allison_Grillo I made a successful withdrawal of R 200,000 with the help of Allison_Grillo.
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MONEY LIVE | Rand crashes through R16/$ as market prepares for big US rate hike | Fin24MONEY LIVE | Rand crashes through R16/$ as market prepares for big US rate hike
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