SA stocks could open mixed on Wednesday as investors await the testimony by US Federal Reserve chair Jerome Powell later in the day.
Better-than-expected jobs data from the US last week has led to doubts about the need for aggressive interest rate cuts in the world’s largest economy, which in turn has weighed on global equities. Asian stocks were mixed on Wednesday, with Hong Kong’s Hang Seng Index gaining 0.3%, the Shanghai Composite flat and Korea’s Kospi up 0.7%. Japan’s Nikkei 225 index was flat and Australia’s main benchmark advanced 0.3%.
nickhedley what are you saying? Up or down? Hedging your bets? You are paid to come up with such headlines?
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