MARKET WRAP: JSE and rand firm on Powell testimony and Kganyago news

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

US Fed chair Jerome Powell says trade-war uncertainties and global growth concerns are weighing on the US economic outlook

The JSE closed higher on Wednesday as US markets cheered Federal Reserve chair Jerome Powell’s indication that the US will likely loosen monetary policy soon.

Investors have already priced in a 100% chance of a rate cut at the Fed’s next meeting in July, despite positive US jobs data reducing the expectation of a cut of 50 basis points. Powell said the Fed would consider a broad range of factors, including upcoming labour, retail and quarterly GDP figures ahead of announcing its decision at the end of the month.

The benchmark R186 government bond was weaker, with its yield rising three basis points to 8.12%. Bond prices move inversely to bond yields. Earlier, in Asia, the Shanghai Composite fell 0.44% and Japan’s Nikkei 225 0.15% while Hong Kong’s Hang Seng gained 0.31%.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

MARKET WRAP: JSE closes lower as traders await US Fed interest-rate stanceUS Federal Reserve chair Jerome Powell will testify before the US Congress on Wednesday and Thursday
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

JSE at one-month low as market reduces Fed rate cut expectationsGlobal markets are broadly lower on Tuesday, with investors awaiting a speech later in the day by US Fed chair Jerome Powell
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »

JSE set for mixed start on Wednesday as market awaits Fed cluesChair Jerome Powell to present to the US congress amid speculation that rates may not be cut nickhedley what are you saying? Up or down? Hedging your bets? You are paid to come up with such headlines?
Fonte: BDliveSA - 🏆 12. / 63 Leggi di più »