MARKET WRAP: JSE extends gains on bets of slowing rate hikes

The JSE added to the previous session’s gains on Friday, on hopes that prospects of cooling inflation in the US will prompt the Federal Reserve to ease up on its aggressive tightening.

Also helping sentiment on the day is the news that China’s zero-Covid policy, which has weighed on business and economic growth, is getting a little looser. China reduced its quarantine time for international visitors by two days, while also limiting contact tracing only to close contact with people who are infected with the virus. ..

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.

MARKET WRAP: JSE and rand surge as US inflation surprisesInvestors welcome much better-than-expected US CPI data, raising hopes the Fed will take a more dovish stance on rates
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE looks set to rally as lower US inflation data triggers market surgeTencent, which influences the JSE via Naspers and Prosus, leaped 7.26% on Friday morning
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Asian stocks fall, crypto bounces before CPI: markets wrapAsian stocks weakened after US shares fell and cryptocurrencies arrested a sharp decline that sapped risk appetite ahead of crucial inflation data due later on Thursday.
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: US Stocks Roar Higher as Yields Plunge on Soft CPI: Markets WrapUS stocks surged by the most in two years and Treasuries rallied after data showing prices rose slower than forecast fueled bets the Federal Reserve can dial back its aggressive tightening efforts.
Source: dailymaverick - 🏆 3. / 84 Read more »