MARKET WRAP: JSE closes weaker with focus on Sona

The JSE closed weaker on Wednesday, while global markets were mixed as investors continued to reprice rate-cut expectations by the Federal Reserve.

Early expectations for an interest-rate cut had boosted market sentiment coming into 2024. But doubts have crept in after strong economic data and Fed chair Jerome Powell signalling last week that investors may have to wait longer than expected for a central bank pivot…