JSE back above 56,000 points as investors await central bank decisions
The JSE opened higher on Monday, lifted by interest rate sensitive stocks such as banks and financials, at the start of a week that includes crucial local and international data releases. The US Federal Reserve releases a policy statement on Wednesday at the conclusion of its two-day meeting, followed by a press conference. The central bank had previously offered signals that it planned to announce the launch of its balance-sheet runoff, and Fed communications would be scrutinised for any clues regarding another rate increase this year, Dow Jones Newswires. Locally, the Reserve Bank monetary policy committee will announce its decision on interest-rates on Thursday, and is widely expected to announce another 25 basis point rise. The prospect of a cut seemed largely priced in, so the focus would be on the speech and any indications providing guidance going forward, said Nedbank Corporate and Investment Banking analysts. At 9.30am the all share had added 0.64% to 56,000.1 points and th...
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