Sentiment remains under pressure amid a deteriorating global economic outlook, while investors speculate on interest rates
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
A hike on Thursday would be a major shock, but markets are pricing in 75 basis points of interest rate increases by September, Han Tan, chief market analyst at Exinity Group, said in a note on Wednesday. The ECB announcement is due just before 2pm SA time. In morning trade Australia’s All Ordinaries index was down 0.92%, the Shanghai Composite 0.49% and the Hang Seng 0.39%, while Japan’s Nikkei added 0.25%.
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