JSE set for second day of gains as focus is on US monetary policy

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

South Africa Headlines News

Markets are awaiting US Federal Reserve chair Jerome Powell's address at the Jackson Hole economic symposium

The JSE was firmer on Thursday, on track for its second consecutive day of gains as global markets shift focus to US monetary policy ahead of the Jackson Hole symposium later in the day.

FXTM chief market strategist Hussein Sayed said “Traders and investors across all asset classes are all ears to what Powell has to say today at the annual Jackson Hole meeting. Inflation is the keyword and the policy framework to target it will determine whether we see more upside to risk assets in the months to come.

Source: Financial Digest (financialdigest.net)

 

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: JSE firms as markets shift focus to US stimulusThe consumer price index accelerated to 3.2% in July from 2.2% in June
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE faces weaker Asian markets on WednesdayFocus is on the Jackson Hole symposium in the US, which is expected to produce policy guidance
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE faces mixed Asian markets on ThursdayWall Street was at a record high overnight, with all eyes on the Jackson Hole economic symposium in the US
Source: BDliveSA - 🏆 12. / 63 Read more »

JSE gains as global focus shifts to US stimulusMarkets are awaiting US Fed chair Jerome Powell’s speech at the Jackson Hole economic symposium
Source: BDliveSA - 🏆 12. / 63 Read more »

Rand strengthens as firms as markets eye US Fed chair’s speechLocally, Statistics SA is expected to release the producer price index for July on Thursday
Source: BDliveSA - 🏆 12. / 63 Read more »

AYO takes JSE fine, censure in its stride, continues to focus on building asset baseAYO said it acknowledged and respected the JSE’s findings that while no fraud was perpetrated, the results did not comply with IFRS, notwithstanding AYO being of the opinion that the relevant IFRS rules could be interpreted differently.
Source: IOL - 🏆 46. / 51 Read more »