MARKET WRAP: JSE closes lower in line with global peers

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Higher inflation in China, the war in Ukraine and the US Fed’s interest-rate policy are weighing on market sentiment

The JSE started the week on a muted note and was lower in line with its global peers, as China released far higher than expected inflation figures on the back of severe lockdowns in response to a Covid-19 outbreak in Shanghai.

China’s producer price index, a measure of factory inflation, increased 8.3% year on year, according to data from the National Bureau of Statistics, which put pressure on Asian markets...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 UK
 

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

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Good news for South Africa’s rental housing marketNew data released from the TPN Credit Bureau shows how South Africa’s residential rental market is finally on an upward trajectory.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Absa moves to grab market share with mobile branchesThe bank is targeting 100,000 new accounts a month as it looks to win back market share
Source: BDliveSA - 🏆 12. / 63 Read more »

Absa moves to grab market share with mobile branchesThe bank is targeting 100,000 new accounts a month as it looks to win back market share FNB and Nedbank once tried this... It won't work, they need to offer a zero fee or R5 pm account with no hidden suprises amd offer it to mostly students/youths then they'll be able to take on Capitec Bank AbsaSouthAfrica When will I receive my prize. absa is committing fraud
Source: BDliveSA - 🏆 12. / 63 Read more »