The JSE tracked broadly weaker global markets on Tuesday morning, with only gold miners lifted a little by safe-haven trade, as markets continued to dial back expectations of US interest-rate cuts.

Although markets have still priced in a 100% chance of a 25 basis points cut in July, market expectations of a 50 basis points cut had dropped to 2.5% on Tuesday morning, from 23.5% a week ago.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now