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.

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 Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now