MARKET WRAP: Debt ceiling doubts cast a pall on sentiment

The JSE reversed course on Tuesday afternoon, ending the session lower as investors are concerned whether US lawmakers will approve a deal to increase the government’s debt ceiling with a deadline less than a week away.

Markets initially reacted positively to the news that President Joe Biden and House Speaker Kevin McCarthy reached an agreement at the weekend to raise the amount of money the US government can borrow. However, Congress is set to vote on the legislation as early as Wednesday and deep divisions along party lines means the bill’s passage is likely to be rocky...

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.

JSE remains muted as investors monitor US debt-ceiling talksAt 10.25am, the JSE all share and top 40 were little changed
Source: BDliveSA - 🏆 12. / 63 Read more »

Steinhoff gets approval for debt restructureThe creditors of South Africa’s Steinhoff International approved the retailer’s debt restructuring plan, it said on Monday, paving the way for it to approach a Dutch court to give the scheme the go-ahead. Moneyweb CompanyNews
Source: Moneyweb - 🏆 5. / 77 Read more »

Demand for debt counselling grows as consumers struggle with financesWith the rising interest rates and high inflation, many more South Africans are seeking help to manage their increasing debt burden, with demand for debt counselling growing by 40% compared to the same period in 2022.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Demand for debt counselling grows as consumers struggle with financesDemand for debt counselling grows as consumers struggle with finances: With the rising interest rates and high inflation, many more South Africans are seeking help to manage their increasing debt burden, with demand for debt counselling growing by 40%…
Source: SABreakingNews - 🏆 41. / 51 Read more »