JSE flat as investors await US jobs data later in the week
Bank of England rate decision also in focus, with 25 bps hike expected
01 August 2023 - 11:44
The JSE was little changed on Tuesday morning, while its global peers were mixed as inflation and the monetary policy outlook remain the central focus at the start of August.
Investors have grown increasingly more hopeful about a soft landing in the US in recent weeks as economic data has shown continued strength in the labour market and cooling prices. Second-quarter corporate earnings in the world’s largest economy are also better than expected, adding to the notion that the economy remains resilient...
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