MARKET WRAP: JSE comes back from 12-month low in volatile trade
Bank of England steps in to calm investors’ frayed nerves by announcing a massive emergency bond buying programme
28 September 2022 – 19:22
The JSE ended weaker on Wednesday, but news that the Bank of England had stepped in to shore up market sentiment kept the losses to a minimum.
The all share initially fell more than 2% after US Federal Reserve officials reiterated overnight that the central bank will stick to its aggressive anti-inflation plan, but the benchmark index had pared the loss to 0.34% by the close, ending the session at 63,808.32 points…
Source: businesslive.co.za
