The JSE opened lower on Thursday, with the market focus squarely on international data releases expected to give signals on how long key global central banks will continue with loose monetary policy. European stocks were lower, with the market focused on US inflation data later in the day, as well as a decision on interest rates from the Bank of England. Disappointing data that showed industrial growth in China slowed for a second straight month in August also weighed on markets. This indicated the world’s second-largest economy may be losing momentum in the third quarter, reported Dow Jones Newswires. Locally, the current account deficit for the second quarter is due, with expectation that the deficit would be smaller on a quarter-by-quarter basis, with Trading Economics forecasting a figure of R87.3bn. US inflation was always a closely watched event as investors kept looking for indications for the next possible rate hike, TreasuryOne analysts said. The dollar had strengthened ove...
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