MARKET WRAP: JSE ends weaker month on higher note
Interest rate concerns are back in focus after hawkish talk from the US Federal Reserve and the European Central Bank
28 February 2023 – 19:45
The JSE closed firmer on Tuesday while global markets were mixed as investors assessed the outlook for inflation and interest rates in the US and Europe.
Despite closing 0.28% higher at 77,733.87 points on the day, the all share ended the month 2.19% weaker, dragged lower by precious metals (-15.22%), resources (-13.23%) and industrial metals (-11.32%). Global bourses were also on track to close the month weaker as investors bet on more interest rate hikes from the Federal Reserve and the European Central Bank (ECB)…