All eyes are on the Jackson Hole symposium later this week, which may contain further details on paring back monetary policy stimulus
Pedestrians walk past a public screen displaying the Shenzhen Stock Exchange and the Hang Seng Index figures in Shanghai, China. Picture: BLOOMBERG/QILAI SHEN
The JSE looks set to contend with mixed Asian markets on Wednesday morning, with markets watching the US for any details on monetary policy changes. Central bankers are set to gather for the Jackson Hole symposium to discuss big questions, and it may be used as a platform to detail just how the US Federal Reserve plans to taper a $120bn a month bond-buying programme, without causing too much volatility in the market.
US markets were at record highs overnight, but in morning trade Asian markets were mixed, while Tencent was flat.Gold was trading 0.42% lower at $1,794.50/oz while platinum had fallen 0.67% to $1,004.77. Brent crude was 0.65% lower at $70.68 a barrel.Producer inflation numbers for July are due later, while in corporate news drugmaker Adcock Ingram is expected to release its results for the year to end-June later, though it has not issued a recent trading update.
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