Surprise rate hikes by the European Central Bank and Reserve Bank are only some of the events that investors are still digesting
An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
The European Central Bank delivered a surprise 50 basis point hike on Thursday, its first in over a decade, while the Reserve Bank also surprised with a 75 basis point hike. These are just the latest surprisingly hawkish moves from policymakers scrambling to get on top of inflation. Further risks to Europe’s economic outlook, however, are coming from Italy, with a fragile coalition government collapsing on Thursday. The resignation of Prime Minister Mario Draghi means a new election in the eurozone’s third-largest economy, and uncertainty until the results.
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 faces mixed Asian markets on Thursday ahead of Reserve Bank decisionFocus on Thursday is on central bank action, with the European Central Bank and the Reserve Bank both set to announce policy changes
Read more »
MARKET WRAP: JSE and rand weaker as investors digest inflation lurchArcelorMittal bucks the trend with 16% advance after steelmaker says it expects profit bump
Read more »
JSE suspends Tongaat Hulett for second time in three yearsDebt-laden sugar and property group Tongaat Hulett has had its shares suspended from trading on the JSE for the second time in three years. Moneyweb Tongaat Debt-laden
Read more »
JSE suspends Tongaat Hulett for second time in three years | The CitizenTemporary suspension is until the group publishes its latest results and integrated annual report.
Read more »
JSE weaker as markets await policy announcement by Sarb and ECBAnalysts anticipate a 75 bps interest rate hike by the Reserve Bank as it struggles to contain inflation
Read more »
MARKET WRAP: JSE and rand firm as investors digest rate hikes at home and abroadReserve Bank’s more hawkish stance supported the local currency in late trade, says strategist
Read more »