JSE faces buoyant Asian markets on Thursday as SA digests budget
The expectation that accommodative monetary policy in the US will boost sentiment overnight, with local focus still on the budget
25 February 2021 - 07:13
The JSE faces stronger Asian markets on Thursday, with US markets doing well overnight, after US Federal Reserve chair Jerome Powell downplayed the threat of inflation during testimony before Congress.
Powell emphasised that employment targets were some way off, and that the Fed would remain accommodative. Global markets have been under pressure of late as investors consider the threat of rising inflation as the post-pandemic economic recovery gains momentum...
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