at 72 465 points. Investec jumped more than 5% after the group upped its profit guidance by 5% to 8%. Investec shares have gained over a fifth in the past 12 months. TFG lost almost 3% to R104.37 ahead of its results on Friday.as the the dollar gained for a third day on Wednesday. The US currency continues to recover from a sharp selloff last week on rising confidence that the Federal Reserve has ended its interest rate hiking cycle.
Traders also remained on alert for potential intervention in the Japanese yen as it holds above the 150 level against the dollar. Many economists and analysts expect the US economy to slow in the fourth quarter, which makes further rate hikes less likely and will dent the appeal of the greenback, which has benefitted from the relative strength of the US compared to other major economies.South Africans need to be in the know if we want to create a prosperous future.
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