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MARKET PREVIEW: JSE could tread water as markets await Fed policy meeting

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The all share index rose nearly 2% last week, stretching the month-to-date gains to just less than 11%

The JSE could pause for breath on Monday after setting a series of record peaks last week.The global markets, which typically drive the sentiment on the local market scene, were mostly patchy on Monday morning but Hong Kong’s Hang Seng lost 1.6%.

The US Federal Reserve’s policy meeting on Wednesday will be the main event given its central role in setting the pace for the central banks, particularly emerging markets such as SA. The US policy rate trajectory has had a big influence on the rand, which weakened dramatically in 2022 before recovering some ground from the fourth quarter.

 

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