Market dynamics entail selling equities, with everything else following due to risk aversion, analyst says
The JSE is facing mixed, but flat Asian markets on Monday as the dark cloud of a possible recession hangs across global markets.
Investors are also casting their eyes Down Under with the Reserve Bank of Australia expected to increase its interest rate by another 50 basis points to 1.35% on Tuesday. American markets are closed on Monday as the country celebrates the fourth of July holidays, so expect fireworks elsewhere. Markets will search for clues about a possible interest rate hike in July when Federal Reserve officials make several public appearances this week.Tencent, which influences the JSE via Naspers, is 1.13% lower in Hong Kong.
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