MARKET WRAP: JSE and rand weaken further as bets on Fed aggression rise

The rand continued its slide against the dollar on Thursday, touching the weakest level last seen in August 2020, while the JSE fell the most in a week as global recession fears intensified.

Markets are now pricing in the possibility of even tighter US monetary policy after worse-than-expected inflation data from the world’s biggest economy, where prices rose 9.1% in the year to end-June...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 Sunday Times Daily.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: US inflation puts JSE in a spinRand recovers a little ground against the dollar while the euro falls below dollar parity for the first time in almost 20 years
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks, US futures pare drop as China tech gains: markets wrapUS Treasury two-year yields, sensitive to imminent Federal Reserve moves, climbed further while longer-maturity rates also went higher. The inversion between two-year and 10-year yields – a potential recession indicator – is the deepest since 2000.
Source: dailymaverick - 🏆 3. / 84 Read more »

Market data — July 12 2022Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Market ReportBusiness Day TV speaks to Anthea Gardner from Cartesian Capital I have always hated Bitcoin and thought it was a scam until a friend referred me to Mike_Rosehart , I made my first withdrawal of R100,000 in 2 weeks thanks to Mike_Rosehart.
Source: BDliveSA - 🏆 12. / 63 Read more »

Trends to watch in the crypto market[PODCAST] Jaltech12J co-founder GauravNair discusses low crypto prices, the impending ‘Merge’ and using exchanges versus self-custody on the CryptoPodcast with CiaranRyan. Download the full episode here: CryptoCurrency
Source: Moneyweb - 🏆 5. / 77 Read more »

Supply risks still haunt market despite high oil prices: IEAHigh oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned. I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo. I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: eNCA - 🏆 49. / 51 Read more »