News Formal

MARKET WRAP: JSE plummets on strong US jobs data

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United States News News

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

Private sector employment figures add to growing concern that more rate hikes are in store

The JSE fell the most in more than three months on Thursday, extending its losing streak to three days as a strong jobs report from the US supported the case for further rate hikes by the Federal Reserve.

Private sector jobs in the world’s biggest economy increased by 497,000 in June, according to data from payroll processing firm ADP — the biggest monthly gain since July 2022. June’s increase was more than double the market consensus estimate of 220,000 additional jobs...

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 US
 

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

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 weaker with focus on Fed’s minutesThe JSE was weaker on Wednesday morning as investors awaited the minutes from the recent federal open market committee meeting.
Source: BDliveSA - 🏆 12. / 63 Read more »

The JSE’s best and worst-performing stocks so far this yearThe JSE has been unable to keep up with its global peers, despite ending the first half just over 4% stronger. Moneyweb Stocks
Source: Moneyweb - 🏆 5. / 77 Read more »

The JSE’s best and worst-performing stocks so far this year
Source: Moneyweb - 🏆 5. / 77 Read more »