MARKET WRAP: JSE muted as investors looks to Powell’s address for clarity

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

South Africa News News

Market participants view the Fed chair’s appearance at the Economic Club as a chance to offer more clarity on where rates are headed

The JSE was little changed on Tuesday while its global peers were mixed as the focus turned to a speech to be delivered by US Federal Reserve chair Jerome Powell.

Powell will deliver a speech at the Economic Club of Washington at 9pm local time. After Friday’s surprisingly strong jobs data, market participants view Powell’s appearance at the Economic Club as an opportunity for him to offer more clarity on where rates are headed, or clarify some comments made after last week’s 25 basis point interest rate hike on “disinflationary” signs in the economy...

 

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

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: Rand at worst level in six weeks as dollar soarsThe JSE tracked global peers weaker as investors assessed the US Federal Reserve’s next move
Source: BDliveSA - 🏆 12. / 63 Read more »

HEIDI STERNBERG: Lack of JSE juniors and exploration companies a threat to our minesSA must make significant changes to attract and fund prospecting if it is to sustain and grow its mining sector
Source: BDliveSA - 🏆 12. / 63 Read more »

International Finance: Asian equities drop; yen declines on BOJ report: markets wrapStocks in Asia dropped as an unexpectedly strong US jobs report raised the prospects of more rate hikes from the Federal Reserve, while concern over US-China geopolitical tensions also weighed on sentiment.
Source: dailymaverick - 🏆 3. / 84 Read more »