By late Tuesday morning, the JSE's all-share index was down a percent at 73 686 points. Investec (-5%) was among the biggest losers, while Harmony gave up more than 3%
By late Tuesday morning, the JSE's all-share index was down a percent at 73 686 points. Investec was among the biggest losers, while Harmony gave up more than 3%
"With real yields heading higher, and the Fed now decisively turning hawkish... the scope for relative-value trades in EM FX is now looking diminished," strategists at JPMorgan said in a note.Major central banks have started to turn off pandemic-induced stimulus taps as the war in Ukraine has exacerbated inflation which was already on the rise.
Russia, meanwhile, flagged a possible contraction in growth this year of more than 10%, according to a report. The rouble fell past 80 a dollar, extending losses after the central bank lifted some capital controls
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