The JSE has fallen more than 2%, with mining and financial shares under pressure as the rand weakens and gold and platinum prices retreat. Gareth Edwards and Francis Herd unpack why changing expectations around US interest rates can move the dollar, the rand and markets before a new policy decision is even announced.
For South Africans, the bigger concern is what happens when a weaker rand meets rising oil prices. The combination can feed into fuel costs and inflation, with consequences that reach far beyond the trading screen, from household budgets to borrowing costs and investments.
Catch up on all Number of the Day episodes here: https://www.enca.com/number-day-podca…
Chapter List
(00:00) JSE Falls More Than 2%
(01:01) How Fed Expectations Move Markets
(02:43) The Petrol-Price Perfect Storm
(03:37) What The Sell-Off Means For JSE Investors
(05:27) What To Watch For Next
