MARKET WRAP: JSE surrenders Monday’s gains
Australia’s surprisingly big rate hike catches investors by surprise with looming US jobs data and Fed meeting adding to the cautious mood
07 June 2022 - 19:31
The JSE closed weaker on Tuesday as interest rates and global growth concerns weighed on markets in the wake of an unexpectedly steep hike by Australia’s central bank.
US inflation data, due on Friday, and next week’s meeting of the Federal Reserve’s Federal Open Market Committee are adding to the caution, analysts said...
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.