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MARKET WRAP: JSE rebounds in line with global stocks

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Rand little changed as investors continue to digest SA’s greylisting by the FATF

The JSE tracked firmer global counterparts on Monday as markets attempted a rebound from the previous session’s sell-off.

Investors continue to assess the US Federal Reserve’s inflation and interest rate outlook, with last Friday’s hotter-than-expected reading of the core personal consumption expenditures price index — the Fed’s preferred measurement of inflation — justifying the central bank keeping rates higher for longer...

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International Finance: Asian stocks fluctuate as traders weigh rates path: markets wrapEquities in Asia were mixed on Monday after heavy selling on Wall Street late last week as investors ratcheted up forecasts for US interest rates following hot inflation data.
Source: dailymaverick - 🏆 3. / 84 Read more »