MARKET WRAP: JSE takes cold comfort from US inflation

The JSE recovered from earlier lows on Tuesday but still ended the session weaker as markets globally took some comfort from a promising US inflation print after Monday’s sell-off in the wake of the Silicon Valley Bank (SVB) collapse.

US consumer prices rose by 6% annually in February, down from 6.4% in January and in line with the market expectations. On a monthly basis, inflation was 0.4%, matching estimates…