All share index could be within striking distance of a new high, after an eventful week for markets
The JSE could have another decent session on Friday, which will bring the all share index within striking distance of a record high, after an eventful week for the financial markets.
The rand’s erratic behaviour has corresponded more to perceptions of a change in US monetary policy than to domestic factors such as chronic power shortages, which could potentially choke the fragile economic recovery. US inflation rose at an annual rate of 6.2% in October, beating markets forecasts. But Fed chair Jerome Powell has until now been consistent in saying price pressures will be temporary.
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