MARKET WRAP: JSE firmer with focus on debt-ceiling deal and interest rates in the US
A bill to raise the debt limit and cap government spending was passed just days before Monday’s default deadline
01 June 2023 - 18:51
The JSE pared gains on Thursday, having rallied along with global markets after the US House of Representatives passed a debt-ceiling bill in a crucial step to avoid the country’s default, with the next step to move through the Senate.
A bill to raise the debt limit and cap government spending was passed in the House on Wednesday evening by a wide margin, sending it to the Senate just days before Monday’s US default deadline of June 5. ..
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.