The data is expected to provide clues about what the Fed will do next to fight inflation
The JSE is facing another day of lower markets as global markets wait to scrutinise the latest inflation data from the US for clues as to what the US Federal Reserve might do next to fight inflation with an interest-rate hike expected.
The Hang Seng is down for its sixth straight session as it tracked weaker US markets, while traders wait for US inflation data. The same sentiment is hanging over the Nikkei on Thursday morning. In local market news, the JSE changed little in a see-saw session on Wednesday after US producer inflation data came in higher than expected, prompting further reflection on the outlook for inflation.
In terms of corporate news, Karooooo will release its latest results on Thursday, while economists await the mining production and sales data for August being published at 11.30am.
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