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MARKET WRAP: JSE pares gains after US inflation report

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Rand firms along with emerging-market currencies after the US CPI data came in as expected

The JSE closed firmer but off the day’s high on Thursday after data showed US consumer inflation slowing as expected.

The consumer price index , which measures the cost of a broad basket of goods and services, fell 0.1% for December, while core inflation — which eliminates volatile food and energy prices and is regarded as a better indicator of underlying price pressures — rose 0.3% in the month and 5.7% from a year ago, also in line with expectations...

 

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