Investors will be keeping a close eye on the US for news about possible rate hikes
The JSE is facing mixed Asian markets on Thursday as Japan’s Nikkei jumped while the Chinese markets were slightly down.
Hong Kong’s Hang Seng dropped 0.39% as it fell for the sixth straight session. Investors remain wary of the possibility of more interest rate hikes from the US Federal Reserve after recent positive economic data from the world’s largest economy suggested it might have room to tighten monetary policy. Traders will search for clues in Federal Reserve chair Jerome Powell’s speech later on Thursday.
“Chinese exports fell relative to the previous month’s print and expectations, as slowing global demand for Chinese goods weighed,” Sasfin wealth fixed income trader Alvin Chawasema said in a note on Thursday. “Markets have been prone to chasing every bit of noise lately, as if each release was seminal with lasting value.”The JSE closed lower on Wednesday, underscoring the uncertainty that has gripped stock markets in recent weeks. The all share shed 1.22% to 66,715.83 points. Sasol fell 6.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE opens to lower Asian markets amid new rate hike worriesISM non-manufacturing producers managers index data beat market forecasts, fuelling concern about US rate hikes
Read more »
JSE’s Tuesday opening follows mixed Asian marketsShanghai composite in China is up, while Hong Kong’s Hang Seng is down
Read more »
MARKET WRAP: JSE ends modestly higher after choppy sessionThe rand is under pressure from a stronger US dollar
Read more »
MONEY LIVE | Rand, markets sink as traders prepare for big rate hikes | Fin24MONEY LIVE | Rand, markets sink as traders prepare for big rate hikes.
Read more »
Business Maverick: Stocks mixed; treasury yields rise as oil climbs: markets wrapUS equity futures rose while stocks in Asia were mixed on Tuesday amid a dip in the dollar, as sentiment continued to be tested by central banks tightening monetary policy and Europe’s energy crisis.
Read more »