MARKET WRAP: JSE closes flat while rand weakens to one-month low

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US Federal Reserve’s latest minutes provided little direction as its signals on interest rates and inflation were mixed

The JSE ended little changed on Thursday after the US Federal Reserve’s mixed signals overnight about the trajectory of inflation and interest rates — the two interrelated themes that have been driving market psychology for months.

The all share eked out a gain of 0.06% to settle at 71,011.30 points, with the top end of the resource market recovering 1% after steep losses a day earlier. ..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)

 

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