The bullion might be in consolidation for a week or two before resuming the upward march towards $2,000, analyst says
The troubled National Health Service now has 6.6-million patients waiting to see GPs, get scans or have operations
Sars and corruption busters need more tools to investigate, says Edward Kieswetter
The ruling party gathering hit by litigation and a breach of security allegedly leading to the cloning of delegates’ tags
The miner cashed in on record coal prices in its half-year to end-June, but reduces full-year forecast by almost a tenth
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Group homes in on home deliveries trend and hopes to supply electricity to Eskom
Prime Minister Anthony Albanese wants claims to be reviewed his predecessor secretly took charge of many ministries during the pandemic
Reece James seemed to have sealed the points for the hosts with a 77th-minute goal, but the striker scored in stoppage time
Pharmaceutical giant has been forced to pay $3.5bn in settlements so far to resolve cancer cases
The JSE looks set to open to subdued Asian markets on Wednesday, with caution prevailing ahead of the US Federal Reserve policy announcement later.
Fed officials are expected to announce they are picking up the pace of monetary policy tightening amid elevated inflation, and could signal an interest-rate increase is on its way in 2022.
Domestically, there has been some good news, with the UK removing SA from its travel red list, which could benefit hospitality stocks on the JSE on Wednesday.
In morning trade the Shanghai Composite and Japan’s Nikkei were flat, while the Hang Seng had edged up 0.21%.
Gold was flat at $1,770.90/oz while platinum had fallen 0.31% to $931. Brent crude was 0.41% weaker at $72.92 a barrel.
The corporate calendar is bare, but the day is busy in terms of economic releases with Quarterly Employment Statistics for the third quarter due later.
The Reserve Bank’s Quarterly Bulletin should provide further details on SA’s third-quarter economic performance.
Both consumer and producer inflation numbers for November are due later, with consumer inflation expected to accelerate to about 5.5% year on year from 5% in the previous month, while producer inflation is expected to push to almost 9% from 8.1% previously. Both have been driven by record fuel prices, with supply-chain disruptions also taking their toll.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.