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Market Update: South Africa Stocks Flat on Monday
The FTSE/JSE All Share was little-changed at 67,660 on Monday, hovering around its highest level since August 18th, as investors across the globe welcomed US Federal Reserve Chairman Jerome Powell’s dovish tone. The Fed chief signaled last week that the central bank’s support will be withdrawn gradually, and that officials wont be in a hurry to begin raising interest rates. Meanwhile, woes over rising Delta COVID-19 variant cases and concerns over inflationary pressure mounted. [/s2If]
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