MARKET WRAP: JSE muted as markets struggle for direction
Investors will be watching closely as Fed chair Jerome Powell testifies before Congress on Tuesday
21 June 2021 - 18:42
The JSE was little changed on Monday and its global peers were mixed as markets struggled for direction following the US Federal Reserve’s policy shift.
The local bourse fell to a two-week low on Friday, tracking weaker global markets after the Fed’s tone turned surprisingly hawkish when it released the latest meeting minutes from the federal open market committee (FOMC) on Wednesday. The Fed brought forward its timetable on interest rate hikes by a year, while also warning that inflation could be more persistent than expected...
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