JSE tracks weaker global markets ahead of key US jobs data
Market participants are expecting the US nonfarm payroll to show a slight cooling from the January blockbuster numbers
10 March 2023 – 11:01
The JSE was weaker on Friday morning, along with its global peers as investors awaited the highly anticipated key US jobs report that could shape the direction of interest rates, due later on Friday.
This week, data showed that US job openings fell less than expected in January, while a stronger-than-expected February private payrolls report suggested a resilient economy, with both numbers heightening concern that the Fed could hike rates by bigger increments and for longer…
Source: businesslive.co.za