MARKET WRAP: JSE ticks up ahead of Fed’s rate decision
Crucial week for global stocks as more US tech majors report earnings in wake of blowout earlier in July
30 July 2024 - 18:39
The JSE closed marginally firmer on Tuesday, with global markets mixed as investors awaited the US Federal Reserve’s policy meeting while keeping a watchful eye on the geopolitical tension in the Middle East.
The federal open committee meeting (FOMC) will conclude its two-day policy meeting on Wednesday, and Federal Reserve chair Jerome Powell is expected to deliver the policy statement. The Fed is expected to keep interest rates unchanged, but investors will be looking for clues on whether the central bank will deliver its first cut at its September meeting...
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.