A report the tech giant is planning to slow hiring and growth weighed on Wall Street overnight, but follows a rebound on Friday
The JSE, which jumped almost 3% on Monday, may need to come down to earth a little on Tuesday, with markets digesting news that tech giant Apple is pruning growth plans due to a deteriorating global economic outlook.
The stock market pullback was probably just noise on a slow news day, Oanda senior market analyst Jeffrey Halley said in a note. Markets were volatile last week as investors started pricing in the prospect of a 100 basis point hike in the US in July, but expectations of this have now eased.
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