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MARKET WRAP: JSE firmer with focus on debt-ceiling deal and interest rates in the US

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A bill to raise the debt limit and cap government spending was passed just days before Monday’s default deadline

The JSE pared gains on Thursday, having rallied along with global markets after the US House of Representatives passed a debt-ceiling bill in a crucial step to avoid the country’s default, with the next step to move through the Senate.

A bill to raise the debt limit and cap government spending was passed in the House on Wednesday evening by a wide margin, sending it to the Senate just days before Monday’s US default deadline of June 5. ..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 TimesLive Premium.

 

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