Asian markets are rebounding after a tough few days, though analysts note that liquidity is thin ahead of the US Federal Reserve announcement
The JSE could follow recovering Asian markets on Wednesday morning, which have been cheered by indications of easing Chinese Covid-19 restrictions, with all eyes on the US Federal Reserve later.
Reports have suggested that China is considering shifting its strict approach to the pandemic, helping to lift the Hang Seng 2.5% in early trade, while Japan’s Nikkei was up 1.4%. Volumes were understandably light, along with a low appetite for outlaying new risk into Wednesday’s main event, the US Federal Reserve’s announcement, SPI Asset Management managing partner Stephen Innes said in a note.
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