JSE faces mixed Asian markets on Friday as commodities feel pressure
A strong dollar and moves by Chinese regulators put pressure on commodity prices overnight, and sentiment remains fragile
18 June 2021 - 07:18
The JSE faces mixed Asian markets on Friday morning, amid some eye-catching moves for commodity prices overnight, with investors still jittery after the US Federal Reserve’s unexpected shift in tone earlier this week.
The Fed brought forward its projections for interest rate hikes and inflation on Wednesday, giving a lift to the dollar, and putting some pressure on global commodities priced in this currency...
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.