MARKET WRAP: JSE follows global bourses weaker, rand languishes near three-month low
Disappointing US corporate earnings and worries about the direction of the Fed’s monetary policies are weighing on global sentiment
10 February 2023 – 18:38
The JSE tracked weaker global markets on Friday as the latest batch of corporate earnings results in the US disappointed investors, while the rand touched a three-month worst level on the back of a strong dollar.
Investors have been navigating a mixed bag of earnings throughout the week, with sentiment taking a knock after Friday’s earnings from Lyft came in worse than expected…
Source: businesslive.co.za