In the span of just seven trading sessions, there will be four major events that could shape the market’s outlook for the rest of the year — and potentially prompt a rapid about-face by confounding expectations.
The JSE all-Share index is trading 0.41% into negative territory following weaker global markets as caution prevails ahead of the FOMC meeting and GDP data out of the U.S. later this week.
Make no mistake about it, FED Chair Janet Yellen and her colleagues like what they see in the US economy and still expect to raise interest rates this year.
The JSE all-share index is trading 1.2% higher, following stronger Asian markets which are rebounding following yesterday’s weakness catalysed by weak Chinese PMI data.