JSE slips as focus shifts to US jobs data
Fed chair Jerome Powell maintained his hawkish stance, but has reiterated the US central bank's moves will be data-dependent
09 March 2023 - 11:16
The JSE was weaker on Thursday morning, with its global peers mixed as markets awaited the much-anticipated US nonfarm payroll data.
A stronger-than-expected February ADP private payrolls report on Wednesday affirmed that the US economy was standing strong despite the US Federal Reserve’s (Fed’s) hiking campaign, adding to investor concern that a bigger rate increase may be ahead. The report precedes national nonfarm jobs data, due on Friday...
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