The JSE faces subdued Asian markets on Thursday morning, with global stocks pausing after recovering from a sell-off last week.
This buoyed the dollar and put the JSE and other markets under pressure, but Fed chair Jerome Powell has reiterated that inflation fears should be temporary this week, also offering upbeat commentary about the outlook for the US labour market. Global attention is expected to remain on the US, with jobless claims data due on Thursday, while personal consumption expenditures numbers for May, which is the Fed’s preferred measure of inflation, are due on Friday.
Source: Financial Digest (financialdigest.net)
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