JSE to open to mostly firmer Asian markets on Thursday
Markets are reacting to a dovish message from the US Federal Reserve overnight
30 July 2020 - 07:31
The JSE faces mixed, but mostly firmer, Asian markets on Thursday morning, with equities given a boost after the US Federal Reserve’s message overnight.
The Fed did what it needed to — held rates steady and reiterated that any wobbles in growth and bond yields would be met with a wall of money, said Oanda senior market analyst Jeffrey Halley in a note. “Importantly, they also reassured markets that they would alleviate any shortages of offshore US dollars if necessary,” Halley said...
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