JSE firms a little as markets await clarity on US monetary policy
A speech later by US Federal Reserve chair Jerome Powell is being anxiously awaited, but risk assets have found some favour on Friday
23 August 2019 - 10:44
The JSE firmed a little on Friday morning, on track to snap a four-week losing streak, with risk assets finding some favour ahead of a pivotal speech by US Federal Reserve chair Jerome Powell.
Markets are betting on at least two more 25 basis point cuts from the Fed, and investors are waiting to see if Powell may flag downside risks to the US economy in his address at the Jackson Hole conference in Wyoming...
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