Another Federal Reserve reassurance it would not hike interest rates until absolutely necessary buoyed Asian markets Thursday, while traders were also taking heart from positive developments on the vaccine front.
World stock markets advanced Thursday after US Federal Reserve chief Jerome Powell down played interest rate hike concerns and traders took heart from positive vaccine developments.
Britain is conducting a review of its financial rule books and policies to see how it can keep its £130bn finance sector competitive after Brexit left it largely cut off from the EU.
After a positive initial reaction, both the JSE and the rand gave back gains after finance minister Tito Mboweni’s budget speech, as investors reflected on the reality of the country’s dire economic situation.
