JSE slips before release of key US jobs data
Any negative surprises will support the market’s view that the Fed will need to cut rates fairly early in 2024
08 December 2023 – 10:45
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The JSE was weaker on Friday morning, with global peers mixed as investors awaited US nonfarm payrolls (NFP) data due later on Friday.
Investors have been focused on US labour market data for insights on the path of interest rates. Data this week has pointed to a cooling labour market, which supports investors’ hopes that the Fed has stopped raising rates and might start cutting them in early 2024. ..
Source: businesslive.co.za
