MARKET WRAP: JSE and rand extend gains on bets Fed hikes could be done
Rand at three-month high while local bourse follows major indices up
02 November 2023 - 19:46
The JSE gained the most in three weeks on Thursday, while the rand touched the strongest level in three months on optimism that the Federal Reserve could be close to wrapping up hiking interest rates.
The Fed kept rates in a range (https://www.businesslive.co.za/bd/world/americas/2023-11-01-fed-holds-rates-steady-at-22-year-high/) of 5.25% to 5.5% at the conclusion of its latest policy meeting on Wednesday, a move that was widely expected...
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.