JSE gains as investors digest US inflation threat
But US treasury secretary Janet Yellen clarified earlier remarks, saying she was not predicting or recommending rate hikes
05 May 2021 - 11:42
The JSE was firmer on Wednesday morning with its global peers mixed, as investors digested US treasury secretary Janet Yellen’s comments that rates may need to rise to stop the US economy from overheating.
Technology shares slipped the most, with tech-heavy Nasdaq having its worst day since March, after Yellen said that rates would probably rise as government spending ramped up and the economy responded with faster growth. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.