MARKET WRAP: JSE gains most in a month on latest US supplier inflation data
Industrial metals continue momentum as investors cheer another better-than-expected inflation report in the US
11 August 2022 – 19:05
The JSE rose the most in four weeks on Thursday, lifted higher by metals as investors cheered another better-than-expected inflation report in the US.
The US July’s producer price index (PPI) showed a surprise decline from June. The reading follows the country’s encouraging consumer price index for July on Wednesday, which came in at 8.5% — slightly cooler than the market expectation of 8.7%…
Source: businesslive.co.za
