News Formal

MARKET WRAP: JSE falls to mid-July low as Fed’s hiking cycle jolts global markets

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Nigeria News News

All share index loses 1.41%, mostly due to mega-cap industrial shares like Richemont and Naspers dropping 3.56% and 4.47%, respectively

The JSE fell to its weakest point since mid-July on Thursday, mirroring the global trend and signalling the extent to which investors are concerned about the effect of higher interest rates on the global economy.

The all share index lost 1.41% to close at 65,276.97 points, dragged down for the most part by mega-cap industrial shares, notably Richemont and Naspers, which dropped 3.56% and 4.47%, respectively...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 Sunday Times Daily.

 

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

My first experience happened to be a total failure but i never gave up cause i knew it was going to work out for me by trying continuously, fortunately I’m smiling today by getting involved with you Austin_Netzley1

Never depend on one source of income. Invest today and get the best out of your investments. Earn massively by investing in Crypto, Forex and Stocks indices. I only know of one expert trading entrepreneur SarahElliott80

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.

MARKET WRAP: JSE softens as Fed decision loomsInvestors are also bracing for an aggressive hike by the Reserve Bank after its MPC meeting on Thursday
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Tech Rout Hits Stocks as Hike Frenzy Boosts Yields: Markets WrapStocks dropped and bond yields hit multiyear highs after a slew of global central banks joined the Federal Reserve in hiking interest rates to curb scorching levels of inflation at the expense of economic growth.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Stocks Bounce as Yields Drop in Countdown to Fed: Markets WrapStocks bounced back as Treasury yields halted their surge, with traders awaiting to hear the Federal Reserve’s policy decision and its “dot plot” of economic projections that’s expected to show a push to hold rates higher for longer.
Source: dailymaverick - 🏆 3. / 84 Read more »