MARKET WRAP: JSE comes back from 12-month low in volatile trade

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

South Africa News News

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

Bank of England steps in to calm investors’ frayed nerves by announcing a massive emergency bond buying programme

The JSE ended weaker on Wednesday, but news that the Bank of England had stepped in to shore up market sentiment kept the losses to a minimum.

The all share initially fell more than 2% after US Federal Reserve officials reiterated overnight that the central bank will stick to its aggressive anti-inflation plan, but the benchmark index had pared the loss to 0.34% by the close, ending the session at 63,808.32 points...

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.

Some months back I had no way of taking care of my kids , had no job or money also struggling through the pandemic,so I decided to try Bitcoin trading with the help of Allison_Grillo I was able to earn R130,000 now am financially stable.

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.

UK market crisis: Bank of England starts buying UK bonds | Fin24The Bank of England stepped in Wednesday to buy UK government bonds to shore up market confidence after Britain's heavily-criticised budget aimed at fighting inflation. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »

Ex-central bank chief named Kenyan finance minister amid rising inflationKenyan President William Ruto on Tuesday appointed former central bank governor Njuguna Ndung'u as finance minister to steer the economy through rising inflation, a heavy debt burden and drought.
Source: ReutersAfrica - 🏆 31. / 53 Read more »