MARKET WRAP: JSE decline continues as post-Fed rally fades
Local stocks run out of steam as Bank of England raises rates for the fourth straight meeting, also putting pressure on the rand
05 May 2022 - 19:20
The JSE continued the week’s descent on Thursday in line with global markets as investors pondered the implications of the Federal Reserve and Bank of England (BoE) policy decisions.
The local bourse gained as much as 0.9% earlier in the day in response to the overnight rally on Wall Street where the market welcomed the Fed’s widely expected 50 basis-point increase in its benchmark rate...
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