JSE loses ground as traders fret about inflation
Oanda senior market analyst Jeffrey Halley says that ‘inflation angst looks to be the likeliest cause for the sell-off’
11 May 2021 - 10:34
The JSE was weaker on Tuesday morning, while its global peers were mixed as surging commodity prices stoked concern about inflation.
The JSE all share reached a record high on Monday in late afternoon trade, but later retreated, pulled lower by technology stocks after the tech-heavy Nasdaq index fell 2.6% as traders fretted about inflation...
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