China has reported its first Omicron case while there is general caution in the market ahead of the US Federal Reserve policy announcement
The JSE looks set to open to weaker Asian markets on Tuesday morning, and may extend its four-session losing streak, as investors consider the threat posed by Omicron as well as possible tightening of US monetary policy.
There is also caution ahead of the US Federal Reserve’s policy announcement on Wednesday, when it is widely expected to indicate it is accelerating monetary policy tightening, given inflation surged to an almost four-decade high in November. In morning trade the Hang Seng was down 1.26%, Japan’s Nikkei 0.83% and the Shanghai Composite 0.31%.Gold was flat at $1,786.83/oz while platinum was little changed at $930. Brent crude had slipped 0.22% to $74.08 a barrel.The corporate calendar is bare on Tuesday, while in economic news
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