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MARKET WRAP: JSE softer, rand steady ahead of busy global rate decisions week

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Investors will be eyeing three big rate decisions, including the Fed, and several key earnings in the coming week

21 July 2023 – 18:23 Lindiwe Tsobo

The JSE closed weaker amid mixed global markets on Friday as investors assessed US corporate earnings and looked ahead to next week’s US federal open market committee (FOMC) interest rate decision.

US corporate earnings have been mixed so far, with investors eyeing more results to come. According to Bloomberg, 75% of S&P 500 companies have already reported results exceeding analysts’ expectations…

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