MARKET WRAP: JSE pares some losses, but risks remain

📆 08/03/2023 21:54:00
📰 BDliveSA

⏱ Reading Time:
16 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 63%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Strong US private payrolls report is seen as increasing the likelihood of the Fed raising rates by a further 50 basis points

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...

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Escrever Comentário

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

MARKET WRAP: Rand touches four-month lowCurrency takes a hit after worse-than-expected GDP data, compounded by hawkish comments from the Fed
Fonte: BDliveSA - 🏆 12. / 63 Consulte Mais informação »