MARKET WRAP: Rand and JSE slump as global sell-off gathers momentum
Investors remain spooked by the spectre of recession after Federal Reserve’s comments last week on interest rates
01 September 2022 – 20:06
The rand weakened to a two-year low against the dollar on Thursday while the JSE slumped for a fifth straight session to levels last seen in mid-July.
Local markets haven’t been spared from the whirlwind of a global sell-off that’s been triggered by fears of a worldwide recession as the US and other developed markets looked to continue hiking interest rates to bring inflation under control…
Source: businesslive.co.za
