JSE and rand muted after glittering week
Better electricity production and interest rate cuts are adding to the risk-on play in the rand, one analyst says
27 September 2024 - 11:03
The JSE and the rand were little changed on Friday morning, as investors awaited the key US inflation report due later in the day.
The all share closed the previous session at a record high of 87,327 points after data from the US on Thursday pointed to sustained momentum in the country’s economy, easing concerns that the US Federal Reserve had acted too slowly in easing monetary policy...
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.