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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MARKET WRAP: JSE pares losses as global markets assess fallout from SVB’s collapseGains in local precious metals and resources stocks helped lift the JSE off its intraday worst levels
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