MARKET WRAP: JSE touches record high on hopes for slowdown in interest rates
Investors are betting on a potential slowdown in rate hikes from the US Fed and are bracing for a data-packed week locally and abroad
23 January 2023 – 19:34
The JSE touched a record high on Monday, with global peers firmer as investors bet on a potential slowdown in rate hikes from the Federal Reserve and brace for a data-packed week locally and abroad.
The JSE all share index gained 1.08% to 80,128 points, having touched an intraday best of 80,358 as “prospects of a cooling US economy and a slowing in the pace of interest rate hikes lifted sentiment,” said Citadel Global director Bianca Botes…
Source: businesslive.co.za