MARKET WRAP: JSE weakens on fears of prolonged rate hikes
Rand continues to regain ground in the wake of last week’s political turmoil and brighter Covid prospects in China
07 December 2022 - 19:36
The JSE closed weaker in line with global markets on Wednesday as concern grows that the Federal Reserve could implement rate hikes for longer than previously expected.
Though markets expect a smaller increase in US rates in December, investors fear further hikes are likely that would take the cost of borrowing to a higher level than anticipated...
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