JSE slips on renewed fretting about a poor economic outlook
The US Federal Reserve has played down the risk that the US economy will tip into a recession
29 June 2022 - 11:05
The JSE was weaker on Wednesday morning, along with its global peers, on renewed worries about a gloomy economic outlook.
Weak US consumer confidence weighed on Wall Street overnight. A report showed Americans growing more downbeat about prospects for the economy. Those concerns overshadowed China’s surprise move on Tuesday to reduce quarantine times for inbound travellers, which had lifted markets in hopes of a shift away from the Covid-19-Zero policy...
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.