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MARKET WRAP: JSE rebounds in line with global stocks

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Rand little changed as investors continue to digest SA’s greylisting by the FATF

The JSE tracked firmer global counterparts on Monday as markets attempted a rebound from the previous session’s sell-off.

Investors continue to assess the US Federal Reserve’s inflation and interest rate outlook, with last Friday’s hotter-than-expected reading of the core personal consumption expenditures price index — the Fed’s preferred measurement of inflation — justifying the central bank keeping rates higher for longer...

 

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