MARKET WRAP: JSE weaker amid banking sector jitters and looming Fed rate hike
02 May 2023 - 18:53
The JSE weakened further on Tuesday, tracking weaker global markets as banking sector jitters continued and investors braced for the Federal Reserve’s rates announcement on Wednesday.
Investors are awaiting the conclusion of the two-day federal open market committee (FOMC) meeting that begins on Tuesday to see is the Fed will provide clues about when it will end its rate-hike campaign. ..
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