MARKET WRAP: JSE buoyed by less hawkish Reserve Bank

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Ireland News News

Investors also buoyed by news that the US economy is in better shape than expected

The JSE touched a record high on Thursday after the Reserve Bank slowed the pace of its rate increases and news that the US was in reasonable shape in the fourth quarter.

Data from the US Bureau of Economic Analysis shows that the world’s biggest economy expanded at an annualised rate of 2.9% in the final three months of 2022, slightly above the market consensus of 2.6% but lower than the 3.2% pace in the previous quarter...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

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: JSE reverses course on Microsoft cautionTech behemoth’s results were better than expected but its slower sales growth could signal challenges ahead
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE makes cautious gains as stocks struggle for directionImpressive US PMIs matched the eurozone’s, which could support the argument that both the Fed and the ECB can keep raising interest rates
Source: BDliveSA - 🏆 12. / 63 Read more »