MARKET WRAP: JSE closes lower in line with global peers
Higher inflation in China, the war in Ukraine and the US Fed’s interest-rate policy are weighing on market sentiment
11 April 2022 – 19:18
The JSE started the week on a muted note and was lower in line with its global peers, as China released far higher than expected inflation figures on the back of severe lockdowns in response to a Covid-19 outbreak in Shanghai.
China’s producer price index, a measure of factory inflation, increased 8.3% year on year, according to data from the National Bureau of Statistics, which put pressure on Asian markets…
Source: businesslive.co.za
