Higher than expected increase in US producer prices keeps investors on edge ahead of inflation data on Thursday
The JSE closed little changed 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.
The producer price index, which measures final-demand wholesale prices, rose 0.4% in September, exceeding the market consensus of 0.2%. The gauge is closely watched because it provides an indication of future price increases. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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