MARKET WRAP: JSE feels the chill wind of Fed comments

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Officials’ reiteration of hawkish comments puts the brakes on Tuesday's rally that had sent the all share to a record high

The JSE was weaker on Tuesday after Federal Reserve officials reiterated hawkish comments emanating from the US central bank, pausing the rally that sent the all share to a record high in the previous session.

Atlanta Fed president Raphael Bostic and San Francisco peer Mary Daly — neither of whom are voting members of the federal open market committee this year — said higher rates are needed to tackle elevated inflation, according to Bloomberg. ..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 TimesLive Premium.

 

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MARKET WRAP: Rand extends gains, JSE at record highGlobal focus this week turns to US Federal Reserve chair Jerome Powell’s speech on Thursday and the US consumer price index
مصدر: BDliveSA - 🏆 12. / 63 اقرأ أكثر »

International Finance: Asia stocks climb as traders bet on Fed slowdown: markets wrapAsian stocks rose after US equities had their best day in more than a month on Friday as traders speculate that an unexpected contraction in services activity and a slowdown in wage growth will temper the Federal Reserve’s rate hike aggression.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

International Finance: Asian stocks fall as hawkish Fed halts S&P’s rally: markets wrapAsian stocks fell on Tuesday after a rally in US shares evaporated as Federal Reserve officials signalled the central bank will likely need to raise interest rates above 5% before pausing and holding for some time.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

Business Maverick: Markus Jooste fined R15m, banned from directorships at listed companies for 20 yearsThe JSE has finally taken action against the disgraced former Steinhoff CEO. There must be a story behind what took so long When is he going to prison? What is R15m to him? Come on JSE, stand up and be counted, for once. Biggest fraud ever in the country, and this is what you fine him? How much did he cost the country and its reputation
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »