The JSE snapped a six-day winning streak ahead of President Cyril Ramaphosa’s state of the nation address, while the rand traded at an almost six-week high following dovish comments by US Federal Reserve chair Jerome Powell on Wednesday, which maintained investor appetite for higher yielding assets.
A global equity markets rally paused on Thursday as investors reassessed US inflation expectations following Powell’s comments and continued to gauge progress on vaccine rollouts worldwide...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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