JSE at one-month low as market reduces Fed rate cut expectations
Global markets are broadly lower on Tuesday, with investors awaiting a speech later in the day by US Fed chair Jerome Powell
09 July 2019 - 10:37
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...
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