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MARKET WRAP: JSE succumbs to interest rate concerns

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Strong weekly US jobs data and higher underlying inflation in Europe strengthen the case for further monetary tightening

The JSE closed weaker on Thursday, while global markets rebounded mildly amid renewed concerns about further rate increases in the wake of supportive economic news.

Initial jobless claims in the US fell in the past week, according to Labor Department data, pointing to sustained labour market strength in the world’s biggest economy and adding to fears that the Fed could keep hiking interest rates for longer...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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