News Formal

MARKET WRAP: JSE in holding pattern before Jackson Hole

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

Nigeria News News

Investors appear unwilling to take big positions, preferring to wait for guidance from monetary policymakers at the annual symposium in the US

The JSE ended flat on Wednesday after a patchy session, which suggests that traders are reticent to make big bets before the Jackson Hole Symposium in the US from Thursday to Friday.

“It’s interesting that the fear of what could be said is seemingly having a far greater impact on sentiment and the markets than what has actually been communicated in recent weeks,” said Craig Erlam, senior market analyst at Oanda The JSE gained less than 0.1% with the all share closing at 69,808.71 points, as pockets of strength in resource and industrial stocks were counterbalanced weakness in financial stocks and listed property.

 

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 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.

Business Maverick: Big Tech Leads Stocks Higher Before Jackson Hole: Markets WrapTech megacaps outpaced the broader stock market, with traders awaiting Jerome Powell’s speech on Friday for clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges.
Source: dailymaverick - 🏆 3. / 84 Read more »

MARKET WRAP: JSE bucks lower trend in EuropeResources and gold shares drive the bourse to a firmer close, with oil boosted by talk of Opec+ production cuts
Source: BDliveSA - 🏆 12. / 63 Read more »

S&P 500 ends down as investors eye slowing economy - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The S&P 500 ended down on Tuesday as investors focused on data showing a slowing economy ahead of a US Federal Reserve gathering later this week in Jackson Hole, Wyoming.
Source: SABCNews - 🏆 37. / 51 Read more »

Business Maverick: Stocks Drift Sideways After Weak Economic Reports: Markets WrapStocks struggled for direction, with traders sifting through weak economic data and awaiting more clarity on the Federal Reserve’s monetary policy path from the Jackson Hole central bankers’ symposium later this week.
Source: dailymaverick - 🏆 3. / 84 Read more »