JSE slips as investors take US inflation data on board

The JSE was weaker on Wednesday morning, with global peers mixed as investors digested a disappointing US consumer inflation report and prospects that interest-rate cuts may be delayed.

Data on Tuesday showed the consumer price index (CPI) rose 0.3% in January and was up 3.1% on an annual basis, coming in higher than Bloomberg’s expectations of 0.2% month-on-month increase and a 2.9% annual increase…

Source: businesslive.co.za