MARKET WRAP: JSE pares gains after US inflation report

Indonesia Berita Berita

MARKET WRAP: JSE pares gains after US inflation report
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Rand firms along with emerging-market currencies after the US CPI data came in as expected

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The JSE closed firmer but off the day’s high on Thursday after data showed US consumer inflation slowing as expected.

The consumer price index , which measures the cost of a broad basket of goods and services, fell 0.1% for December, while core inflation — which eliminates volatile food and energy prices and is regarded as a better indicator of underlying price pressures — rose 0.3% in the month and 5.7% from a year ago, also in line with expectations...

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