News Formal

MARKET WRAP: JSE follows global bourses weaker, rand languishes near three-month low

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Malaysia News News

Disappointing US corporate earnings and worries about the direction of the Fed’s monetary policies are weighing on global sentiment

The JSE tracked weaker global markets on Friday as the latest batch of corporate earnings results in the US disappointed investors, while the rand touched a three-month worst level on the back of a strong dollar.

Investors have been navigating a mixed bag of earnings throughout the week, with sentiment taking a knock after Friday’s earnings from Lyft came in worse than expected...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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE muted with the focus on SonaInvestors are hoping Sona will be a platform for Ramaphosa to announce firm measures to deal with the energy crisis
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: Rand plunges against dollar on US rates outlookInvestors are jittery after Fed chair Jerome Powell’s less hawkish comments overnight were tempered with a warning
Source: BDliveSA - 🏆 12. / 63 Read more »