JSE set to struggle as local and global risks mount
Middle East tensions, Hong Kong protests and President Cyril Ramaphosa’s political difficulties are set to put the bourse on the back foot on Monday
22 July 2019 - 07:51
The JSE looked set to start the week on the back foot on Monday morning, with Asian markets sharply lower amid intensifying political protests in Hong Kong, and decreasing confidence of deep US Federal Reserve interest rate cuts later in July.
Markets have lowered their expectations of a 50 basis point cut at the Fed’s July 31 meeting, with some recent upbeat US data calling into question the need for such an accommodative stance from the world’s most influential central bank...
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