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MARKET WRAP: JSE muted ahead of the Fed’s monetary policy announcement

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Singapore News News

The US Federal Reserve is expected to raise its benchmark rate by 75 bps to fight inflation

The JSE was little changed on Wednesday, with the US and European markets firmer as investors digested positive corporate earnings from some of the major tech companies.

Tech companies, including Microsoft, posted double-digit quarterly revenue growth on Tuesday, while expressing optimism about the coming months. Microsoft gave encouraging sales forecasts for the fiscal year, soothing fears that a weakening economy would devastate sales. ..

 

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