The JSE pared some the session’s losses on Wednesday as markets globally attempted a rebound from Tuesday’s broad-based sell-off that was sparked by Federal Reserve chair Jerome Powell’s suggestion that interest rates may need to go higher for longer.
A stronger-than-expected February ADP private payrolls report on Wednesday affirmed that the US economy is standing strong despite the Fed’s hiking campaign, adding to investor concern that a bigger rate increase may be ahead, Bloomberg reported. The report precedes national nonfarm jobs data, due on Friday...
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: Rand touches four-month lowCurrency takes a hit after worse-than-expected GDP data, compounded by hawkish comments from the Fed
Source: BDliveSA - 🏆 12. / 63 Read more »