JSE loses ground as traders fret about inflation

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

South Africa Headlines News

Oanda senior market analyst Jeffrey Halley says that ‘inflation angst looks to be the likeliest cause for the sell-off’

The JSE was weaker on Tuesday morning, while its global peers were mixed as surging commodity prices stoked concern about inflation.

The JSE all share reached a record high on Monday in late afternoon trade, but later retreated, pulled lower by technology stocks after the tech-heavy Nasdaq index fell 2.6% as traders fretted about inflation...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Source: News Formal (newsformal.com)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

MARKET WRAP: Miners lead gains on the JSE as all share slips from record highInvestors digested weak US economic data, while focusing on prospects of continued economic recovery and interest rates remaining low
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE could retreat from highs in line with global marketsRenewed worries about possible rise in inflation and interest rates I heard that the market is crashing, should reach us soon.
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE could retreat from highs in line with global marketsRenewed worries about possible rise in inflation and interest rates I heard that the market is crashing, should reach us soon.
Source: BDliveSA - 🏆 12. / 63 Read more »

Asian tech stocks tumble as inflation’s shadow looms largeTraders brace for US data amid worries of growing price pressures
Source: BDliveSA - 🏆 12. / 63 Read more »