MARKET WRAP: JSE trims gains after US inflation misses target
At 5.43pm, the rand had strengthened 0.32% to R18.8797/$, 0.26% to R20.3372/€ and 0.3% to R23.7523/£
16 February 2024 – 18:42
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The JSE pared gains on Friday, with its global peers mixed as investors digested another hotter-than-expected US inflation report.
The producer price index (PPI) for January, a measure of wholesale inflation, increased 0.3%, higher than the market forecast of 0.1%. Core inflation, which excludes food and energy, increased 0.5%, higher than the expected 0.1%…
Source: businesslive.co.za
