JSE loses ground as traders fret about inflation
Oanda senior market analyst Jeffrey Halley says that ‘inflation angst looks to be the likeliest cause for the sell-off’
BL PREMIUM
11 May 2021 – 10:34
The JSE was weaker on Tuesday morning, while its global peers were mixed as surging commodity prices stoked concern about inflation.
The JSE all share reached a record high on Monday in late afternoon trade, but later retreated, pulled lower by technology stocks after the tech-heavy Nasdaq index fell 2.6% as traders fretted about inflation…
Source: businesslive.co.za