[ad_1]

The JSE is weaker this morning, along with its global counterparts as investors digested the US Federal Reserve’s decision, while local focus turns to the SA Reserve Bank’s interest-rate decision due in the afternoon.

Sentiment may be boosted by the announcement that SA will be moving to a level 1 lockdown on Sunday, further reopening the economy to activity.

Gold was down 0.99% to $1,939.50/oz, while platinum had fallen 2.8% to $945.09. Brent crude was 1.32% lower at $41.71 a barrel.

The rand is also 0.8% weaker at R16.35/$, largely giving up Wednesday’s gains.

JSE weakens ahead of Reserve Bank’s rate announcement

The local market is split in terms of whether or not an interest-rate cut can be expected on Thursday afternoon
[ad_2]

View Source Article