MARKET WRAP: JSE slips as investors digest US CPI

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

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Inflation in the world’s biggest economy accelerated to 8.5% in March, prompting fears of more aggresive rate hikes by the Fed

The JSE gave up afternoon gains to close weaker as US March inflation came in weaker than expected, adding to expectations of more aggressive rate hikes by the Federal Reserve.

The US consumer prices rose to 8.5% on an annual basis in March, above analysts’ estimates of 8.4% and up from 7.9% a month ago. CPI climbed by 1.2% on the month...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 ZA
 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

MARKET WRAP: JSE closes lower in line with global peersHigher inflation in China, the war in Ukraine and the US Fed’s interest-rate policy are weighing on market sentiment
Source: BDliveSA - 🏆 12. / 63 Read more »

Market Watcher: JSE yoyos[MARKET WATCHER] Makwe Masilela of MakweFundManagers made sense of yesterday’s headline-driven markets, the possibility of debt defaults in Russia on SAfmRadio MarketUpdate with FifiPeters. Download the podcast in the link. Mneyweb BusinessNews
Source: Moneyweb - 🏆 5. / 77 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 »

New-vehicle market in Africa offers export opportunities for SANissan opens new plant in Ghana to reassemble Navara bakkie kits manufactured in SA
Source: BDliveSA - 🏆 12. / 63 Read more »