MARKET WRAP: JSE takes cold comfort from US inflation

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Global equities rebound after US price increases in February were within expectations

The JSE recovered from earlier lows on Tuesday but still ended the session weaker as markets globally took some comfort from a promising US inflation print after Monday’s sell-off in the wake of the Silicon Valley Bank collapse.

US consumer prices rose by 6% annually in February, down from 6.4% in January and in line with the market expectations. On a monthly basis, inflation was 0.4%, matching estimates...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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