All eyes are on the US Federal Reserve’s monetary policy announcement later, with the expectation that a 50 basis point interest rate hike is on its way
An employee passes share price information displayed on an electronic ticker board inside the London Stock Exchange Group’s offices in London, the UK. Picture: BLOOMBERG VIA GETTY IMAGES/LUKE MACGREGOR
The Fed is widely expected to raise rates by 50 basis points and announce the balance-sheet runoff, with surging fuel and food costs prompting a recent hawkish shift from the world’s most influential central bank. The announcement will be at 8pm SA time, well after local markets close. In morning trade the Hang Seng was down 1.3% and South Korea’s Kospi 0.26%, while mainland Chinese and Japanese markets are closed for public holidays.Gold was 0.22% weaker at $1,867.33/oz while platinum gained 0.61% to $969. Brent crude was up 0.27% to $105.97 a barrel.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JSE weaker as markets eye Fed’s monetary decision this weekThe US Federal Reserve is expected to announce its largest interest rate hike since 2000 on Wednesday
Read more »
JSE to relax listing rules, appoint new board just for tech companies | Fin24The JSE is hoping to stem the tide of delistings with a raft of new changes.
Read more »
JSE looks set for positive session on Tuesday amid global market recoveryGlobal markets staged a recovery on Monday from a steep sell-off on Friday
Read more »
Iqbal Survé-linked AYO tanks 99% on JSE – before 'miraculous' recovery | Fin24Shares in the Iqbal Survé-linked IT group AYO Technology Solutions tanked as much as 99% during trading on Tuesday. | Fin24
Read more »
MONEY LIVE | Asian markets drop as US rout, China worries hit sentiment | Fin24MONEY LIVE | Asian markets drop as US rout, China worries hit sentiment.
Read more »
Asian markets drop as US rout, China worries hit sentimentAdding to the dour mood was data showing Chinese manufacturing activity shrank last month at its fastest pace since the start of the pandemic.
Read more »