News Formal

MARKET WRAP: JSE slips as FOMC minutes awaited

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Nigeria News News

Resurgence of Covid-19 in Europe is adding to investors’ concerns; rand remains under pressure from beleaguered Turkish lira and the prospect of higher US rates

The JSE closed weaker on Wednesday as investors mulled over the prospect of tighter monetary policy in the US and the resurgence of Covid in Europe.

The Federal Reserve is scheduled to publish the minutes of its federal open market committee meeting later on Wednesday, which are expected to give further insight into the US central bank’s decision to start slowing asset purchases. Fed chair Jerome Powell has pledged to use policy tools to stop higher inflation from “becoming entrenched”. ..

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cyril is apparently an economist and affluent businessman who understands money management? Hmm. Curious considering the state of the country's economy. Then again...

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 NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

WATCH: Market ReportBusiness Day TV talks to independent analyst Jimmy Moyaha
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Market ReportBusiness Day TV talks to Craig Pheiffer from Absa Stockbrokers & Portfolio Management
Source: BDliveSA - 🏆 12. / 63 Read more »

Market data — November 23 2021Market data including bonds and fuel prices
Source: BDliveSA - 🏆 12. / 63 Read more »