MARKET WRAP: JSE, rand firmer as focus turns to US inflation this week
The rand firmed to levels last seen a month ago, while the JSE pared earlier losses to end slightly higher
07 November 2022 - 19:08
The rand firmed to levels last seen a month ago on Monday, while the JSE pared earlier losses amid mixed global peers, with investors turning their focus to US inflation data this week.
Investors are anticipating the US consumer price index (CPI) report will give further insight into how far the Federal Reserve needs to go to bring down inflation. A hot report could signal to investors that a pivot — a point when the Fed will reverse course on its monetary policy — from a prolonged period of higher interest rates could be further away than expected. The CPI report will be released on Thursday...
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.