JSE weaker as concerns grow that US interest rates will remain high
Wall Street closed lower on Thursday, setting the tone for global markets on Friday
18 August 2023 - 11:37
The JSE was on track for the sixth consecutive session of losses on Friday, weakening along with its global peers as rising US bond yields sparked expectations that highinterest rates would continue.
The 10-year US Treasury yield reached its highest since October 2022 on Thursday. Rates are expected to continue to run higher after the Federal Reserve’s July meeting minutes showed the central bank remains concerned about upside risk to inflation...
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