JSE eyes record high, rand steady after an eventful week
The JSE and the local currency received support from Thursday’s medium-term budget policy statement
12 November 2021 - 11:37
The JSE all share index was hovering near record highs on Friday morning, in line with its stronger global peers as markets recover from an inflation-driven sell-off this week.
The rand was steady after markets were spooked earlier in the week when inflation numbers in the US and China came in worse than expected, fuelling concerns that central banks will be forced to tighten monetary policies sooner than expected. ..
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.