Markets have priced in the 25 basis point increase in US rates at the US Federal Reserve meeting
The JSE will mostly likely trade in a narrow range on Wednesday ahead of the US Federal Reserve’s meeting in the evening at which it will provide guidance on future interest rates, given the receding inflation.
In Asia, stocks were patchy on the day, but finished January with solid gains, particularly in Hong Kong, where technology stocks outperformed. The rand decoupled from the global risk-on scenario that played for the better part of January. It is down just more than 2% against the dollar at a time when the latter currency is under pressure relative a basket of other currencies.
Banks, retailers and other domestic industrial stocks have held up reasonably well during January but face increased operating costs.
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.
MARKET PREVIEW: JSE could tread water as markets await Fed policy meetingThe all share index rose nearly 2% last week, stretching the month-to-date gains to just less than 11%
Read more »
Business Maverick: Global stocks hold monthly gain before Fed, ECB: markets wrapA gauge of global stocks held to a monthly gain of more than 6% amid mixed trading in Asia on Tuesday as investors positioned for interest-rate hikes this week from the Federal Reserve and the European Central Bank.
Read more »
Asian markets take fresh hit as nervous traders await Fed meetingAsian markets sank Tuesday following a big selloff on Wall Street and ahead of a key Federal Reserve policy decision later in the week, while data showing a bounce in Chinese economic activity failed to lift the mood.
Read more »
JSE slips after record highs reached last weekInvestors will have more corporate earnings reports from the US to assess this week including those of tech giants Apple and Amazon
Read more »
MARKET WRAP: Rand, JSE weaker as focus shifts to central bank rates decisionsInvestors are braced for a busy week of earnings and interest rates decisions from the Fed, ECB and Bank of England
Read more »
JSE weaker as traders brace for central banks’ rate decisionsThe Fed, the European Central Bank and the Bank of England will all announce interest rate decisions this week
Read more »