MARKET WRAP: JSE and rand weaker as investors digest inflation lurch

The JSE and rand were weaker on Wednesday, as investors digested higher-than-expected local inflation data.

Data from Stats SA showed consumer price index accelerated at a rate of 7.4% in June from 6.5% in May, well above the upper band of the Reserve Bank’s inflation targeting range of 3%-6%. This is the highest rate since May 2009, when inflation reached 8%. The number is also above economists’ expectations of 7.2%...

United States United States Latest News, United States United States Headlines

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

MARKET WRAP: JSE firmer as positive US company earning reports lift sentimentThe Sandton-based stock exchange reversed earlier losses after a set of positive earnings showed businesses working through economic pressures
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks Surge Higher as Nasdaq 100 Rally Tops 2%: Markets WrapUS stocks extended gains as investors assessed the outlook for earnings amid speculation disappointments may be already priced into markets.
Source: dailymaverick - 🏆 3. / 84 Read more »

Brits desperate for jobs flock to tightening employment marketEmployment surged 296,000, more than the pace of 170,000 that economists had expected
Source: BDliveSA - 🏆 12. / 63 Read more »

Brits desperate for jobs flock to tightening employment marketEmployment surged 296,000, more than the pace of 170,000 that economists had expected
Source: BDliveSA - 🏆 12. / 63 Read more »

Global and SA Reit sectors also facing market volatilityAhmed Motara, portfolio manager for listed property at Stanlib, speaks about the performance of the real estate investment trust (Reit) sector locally and internationally in the first half of 2022, with the global listed property market down some 20%, while SA’s All Property Index is down around 10%. SurenNaidoo I have always hated Bitcoin and thought it was a scam until a friend referred me to Allison_Grillo, I made my first withdrawal of R100,000 in 2 weeks thanks to Allison_Grillo.
Source: Moneyweb - 🏆 5. / 77 Read more »

Business Maverick: Oil holds above $100 as traders weigh up tight market, OPEC+ LimitsUS President Joe Biden had hoped to convince the Saudis to boost production but ministers told him policy decisions are taken according to market logic and within the OPEC+ coalition.
Source: dailymaverick - 🏆 3. / 84 Read more »