MARKET WRAP: JSE weaker as Fed minutes weigh on sentiment

The JSE was weaker on Thursday, along with its global peers, as investors assess US corporate earning reports while digesting minutes from the US Federal Reserve’s July meeting, which hinted at potentially more interest rate hikes.

Minutes from the federal open market committee meeting showed additional tightening may be necessary to bring down inflation, which, though off last year’s peak, still remains above the central bank’s 2% target.... There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an

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Europe stocks drop, treasuries extend slide on Fed: Markets wrapSpot gold rose 0.3% to $1 896.66 an ounce.
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Bill Gates’ foundation bought shares in JSE-listed companyIn the second quarter of 2023, the Bill & Melinda Gates Foundation Trust saw the value of its share portfolio increase to a record $42.06 billion.
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