Local assets rally on cooling US inflation

Local assets rallied on Friday, adding to the previous session’s strong gains as investors bet that cooling inflation in the US may see the Federal Reserve ease up a little on its aggressive rate hiking.

After trading at its weakest levels in two years just a month ago, the rand broke below R17.30/$ for the first time in two months on Friday while the local bourse rallied to its best level in almost seven months…

Source: businesslive.co.za