MARKET WRAP: JSE firms as Omicron fears ease

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Rand strengthens for third straight session even after Fed’s hawkish comments on tapering of asset purchases

The JSE tracked stronger global markets on Wednesday, as investors concerns about the effect of the Omicron variant of Covid-19 on the world economy eased.

However, comments by US Federal Reserve chair Jerome Powell on Tuesday that the central bank’s asset purchases may need to be tapered faster to fight rising inflation remain a source of unease...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 Sunday Times Daily.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: JSE and rand recover from Friday’s sell-offRand recovered after the president said government had decided not to tighten lockdown curbs until more information was available on Omicron
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE bucks global trend, led by minersMajor international markets were all weaker, bar Shanghai, as investors remain concerned about the Omicron variant
Source: BDliveSA - 🏆 12. / 63 Read more »

Shake-up at Zara owner Inditex catches market by surpriseInditex stock plunges as founder’s daughter, Marta Ortega, named chair and CEO to be replaced after just two years
Source: BDliveSA - 🏆 12. / 63 Read more »

Bidcorp reports record first-quarter trading results and gains in market shareFood services company has been able to pass on costs, offsetting inflation, labour shortages and supply-chain disruptions
Source: BDliveSA - 🏆 12. / 63 Read more »

WATCH: Market ReportBusiness Day TV spoke to Caroline Cremen from Adviceworx
Source: BDliveSA - 🏆 12. / 63 Read more »

Bidcorp reports record first-quarter trading results and gains in market shareFood services company has been able to pass on costs, offsetting inflation, labour shortages and supply-chain disruptions
Source: BDliveSA - 🏆 12. / 63 Read more »