MARKET WRAP: JSE firms as Omicron fears ease
Rand strengthens for third straight session even after Fed’s hawkish comments on tapering of asset purchases
01 December 2021 - 19:21
The JSE tracked stronger global markets on Wednesday, as investors concerns about the effect of the Omicron variant of Covid-19 on the world economy eased.
However, comments by US Federal Reserve chair Jerome Powell (https://www.businesslive.co.za/bloomberg/news/2021-11-30-fed-chair-powell-signals-support-for-faster-bond-buying-taper/) on Tuesday that the central bank’s asset purchases may need to be tapered faster to fight rising inflation remain a source of unease...
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