MARKET WRAP: JSE closes weaker as investors eye inflation data, US earnings season
Mild risk aversion prevails as concerns about central banks’ policy-tightening efforts and their impact on the health of the global economy continue
10 October 2022 – 18:25
The JSE closed weaker in line with global peers on Monday, with investors setting their sights on this week’s US inflation report and key company earnings to further assess the strength of the economy and the Federal Reserve’s next move.
After a strong US jobs print on Friday, investors are betting on the Federal Reserve sticking to its aggressive tightening path and expect another 75 basis points hike at the next federal open market committee meeting. ..
Source: businesslive.co.za
