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MARKET WRAP: JSE buoyed by less hawkish Reserve Bank

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Investors also buoyed by news that the US economy is in better shape than expected

The JSE touched a record high on Thursday after the Reserve Bank slowed the pace of its rate increases and news that the US was in reasonable shape in the fourth quarter.

Data from the US Bureau of Economic Analysis shows that the world’s biggest economy expanded at an annualised rate of 2.9% in the final three months of 2022, slightly above the market consensus of 2.6% but lower than the 3.2% pace in the previous quarter...

 

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