MARKET WRAP: JSE slides as US debt-ceiling talks grind on

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Loans Loans Headlines News

Rand adds to earlier gains against the dollar with the Reserve Bank almost certain to hike rates on Thursday

The JSE tracked weaker global markets on Tuesday as investors remained on edge with US debt ceiling negotiations still showing no signs of an agreement.

President Joe Biden and House speaker Kevin McCarthy met at the White House overnight in a discussion that the McCarthy described as “productive” and “professional”. Still, the talks concluded without a deal to raise the amount the US government can borrow to pay its bills beyond the current $31.4-trillion. Without an agreement, the administration could default by as early as June 15...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Russian arms torpedo the rand — can it mount a fightback?Last week, the rand tumbled to a record low of R19.52/$ thanks to yet another needless own goal. This, and the prospect of yet more fallout from SA’s Russian romance, have raised the odds of the rand remaining weak, and of further interest rate hikes
Source: FinancialMail - 🏆 20. / 63 Read more »