MARKET WRAP: Rand gains the most since April on softer US consumer inflation

The rand firmed the most in six months on Tuesday and the JSE rallied along with its global peers after US consumer inflation came in better than expected, reinforcing the possibility of an end to the Federal Reserve’s tightening cycle. 

The consumer price index (CPI) came in flat in October on a monthly basis, while the market expected a 0.1% increase. At the annual rate, CPI slowed to 3.2%, down from 3.7% in September and below expectation for 3.3%. ..