The JSE finished weaker on Monday, but was off the day’s lows, as investors grappled with the US Federal Reserve’s messages on inflation and interest rates.
“Powell sent a short and direct message that there won’t be a Fed pivot any time soon and that has markets positioned for further equity weakness,” said Edward Moya, market analyst at Oanda. Resource shares were the biggest drag on the overall local market, but Sasol bucked the trend with a gain of 4.66% to R364.24 thanks a higher international commodity prices.However, retailers stood out as the bright spot after Walmart offered to buy all the shares in loss-making Massmart it does not already own. Massmart surged nearly 45% to close at R58.68.
l have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1
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.
Source: dailymaverick - 🏆 3. / 84 Read more »