JSE muted amid worry about persistently high inflation and rates
A surprise cut in oil production and the prospect of higher oil prices and inflation and more rate hikes have weighed on financial markets
04 April 2023 – 11:15
The JSE was little changed on Tuesday morning, with global markets mixed as investors digest prospects of higher interest rates for longer after a surprise oil supply cut fuelled inflation fears.
A surprise cut in oil production of 1.16-million barrels a day from May and the prospect of higher oil prices and inflation, and more interest rate hikes have added a layer of uneasiness to financial markets. ..
Source: businesslive.co.za
