JSE to open to buoyant sentiment on Monday after US rebound

2022/06/27 08:20:00

JSE to open to buoyant sentiment on Monday after US rebound

JSE to open to buoyant sentiment on Monday after US rebound

Investors are upbeat about US inflation and think that interest rate hikes may end sooner than expected

27 June 2022 - 07:18 Karl Gernetzky Picture: 123RF/POP NUKOONRAT The JSE looks set to enjoy a generally positive session for global markets on Monday morning, with US markets bouncing back last week, partly due to data that showed expectations for inflation are moderating.by.UNITED STATES - The US Supreme Court's historic end to nationwide abortion rights on Friday drew unusual criticism from some of America's closest allies and bucks a global trend to more liberal reproductive rights.President Joe Biden rebooted his effort to counter China’s flagship trade-and-infrastructure initiative after an earlier campaign faltered, enlisting the support of Group of Seven leaders at their summit in Germany.

The Michigan consumer sentiment index, closely watched by the US Federal Reserve, showed while confidence was at a record low in June, inflation expectations haven't picked up.This also followed commentary from Fed chair Jerome Powell last week who said while a recession is certainly a possibility in the world’s largest economy, it isn't currently likely.Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner than expected as the economies in the US and elsewhere slow sharply in the second half of 2022, said Oanda senior market analyst Jeffrey Halley in a note."I think it's a big step backwards.In morning trade the hang seng was up 3.15%, Japan’s nikkei 1.It will consist mostly of private sector investments, with some funding from the US Development Finance Corporation and Export-Import Bank and other commitments from foreign governments.

57% and the Shanghai composite 0." "No government, politician, or man should tell a woman what she can and cannot do with her body," Trudeau wrote on Twitter.88%.Tencent, which can give direction to the JSE via the Naspers stable, rose 4.15%.Among the few world leaders who may be heartened by the ruling is Brazilian President Jair Bolsonaro, an ally of Trump and his own country's evangelical Christians, who took to Twitter hours before the decision to denounce an 11-year-old girl's abortion of a fetus that was the result of rape.Gold was up 0.” Expectations have already been tempered.

44% to $1,835.58/oz while platinum rose 0.And US Secretary of State Antony Blinken made a point of stressing in a statement Friday night that his agency remains "fully committed" to helping provide access to reproductive health services both around the world and among its employees.68% to $915.The rand was flat at R15.81/$, having firmed almost 1% on Friday.Mexico last year had its own historic Supreme Court decision -- declaring the prohibition of abortion unconstitutional.China Hesitates on Bailing Out Sri Lanka, Pakistan as Debt Soars China has sought to reinvent its trillion-dollar initiative during the pandemic, which has disrupted global supply chains and closed international borders.

Locally, Stage 4 load-shedding is expected to continue to at least Wednesday, Cement-maker PPC is due to report results for its year to end-March later, saying in a recent trading update core profit from continuing operations is expected to fall as much as 4%, though it didn't go into details..

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