MARKET WRAP: JSE a tad firmer, rand softens after US producer inflation data

The rand weakened along with other emerging market currencies on Friday as investors digested another hotter-than-expected inflation report from the US, while the JSE closed marginally firmer.

Data from the Bureau of Labor Statistics on Friday showed the US producer price index rose 0.3% in November — above market expectations of 0.2%, putting a damper on hopes that inflation may be cooling off. Core PPI, which excludes food and energy, rose 0.4%, topping an estimate of 0.2%...

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 weakens on fears of prolonged rate hikesRand continues to regain ground in the wake of last week’s political turmoil and brighter Covid prospects in China
Source: BDliveSA - 🏆 12. / 63 Read more »

MARKET WRAP: JSE edges higher as focus turns to next week’s Fed meetingRand confined to narrow range after four straight sessions of gains against the dollar
Source: BDliveSA - 🏆 12. / 63 Read more »

Business Maverick: Stocks mixed on China reopening, recession fears: markets wrapStocks in Asia fluctuated following signs China would further relax its Covid restrictions, while Treasuries flashed warning signs of recession. The dollar strengthened in an indication of demand for havens. China lies...
Source: dailymaverick - 🏆 3. / 84 Read more »

Business Maverick: Tech Powers Stock Rebound With Technicals in Play: Markets WrapStocks climbed as data showed some signs the labor market is cooling — one of the key factors Federal Reserve officials are watching to decide on whether they will be able to notch down their tightening campaign.
Source: dailymaverick - 🏆 3. / 84 Read more »