JSE weaker, with global focus turning to Fed’s next move
Slower US service sector growth and uncertainty surrounding the Federal Reserve’s hiking cycle add volatility to markets, while investors await SA’s GDP data
06 June 2023 - 11:22
The JSE was weaker on Tuesday morning, while its global peers were mixed as investors digested economic data, with focus on the next move by the Federal Reserve.
The US services purchasing managers’ index (PMI) data released on Monday indicated that the US service sector continued to expand in May, though at a slower rate compared to April. The PMI declined to 50.3, below market expectations of 51.5...
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