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MARKET WRAP: Rand and JSE slump as global sell-off gathers momentum

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Investors remain spooked by the spectre of recession after Federal Reserve’s comments last week on interest rates

The rand weakened to a two-year low against the dollar on Thursday while the JSE slumped for a fifth straight session to levels last seen in mid-July.

Local markets haven’t been spared from the whirlwind of a global sell-off that's been triggered by fears of a worldwide recession as the US and other developed markets looked to continue hiking interest rates to bring inflation under control...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.

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MARKET WRAP: Aspen bucks the trend as Cashbuild and world markets slumpStocks fall globally amid fears of a slowdown in China as Covid-19 numbers rise Being the head of the home isn't easy, you are expected to provide for the home, I lost my job during the pandemic and relied on the little money I had,things were hard until I met JamesAlderson0 and started Bitcoin trading, I earned R800,000 in 3 weeks thanks JamesAlderson0
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Business Maverick: Markets: Asia continues global stock slump as Fed tightening fears flareAsian markets extended the global stocks selloff on Wednesday, as investor worries about aggressive monetary tightening were inflamed further by strong US jobs data.
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