JSE Index Faces Pressure Amid Global Uncertainty, Fed Pause, and Political Risks

The JSE FTSE All Share Index edged down 0.03% to 92,004.15 ZAR as global macroeconomic uncertainty and domestic political instability weighed on investor sentiment. Emerging markets face heightened volatility following the US Federal Reserve’s decision to pause interest rate hikes, fueling concerns over a broader economic slowdown.

South Africa’s Government of National Unity is grappling with internal tensions that further erode market confidence. Geopolitical risks are compounding the pressure, with escalating tensions between India and Pakistan adding to the risk-off environment.

The JSE Top 40 Index now tests critical support levels. Market participants await either a decisive breakout or corrective pullback, with the direction likely dictated by global risk appetite in coming sessions.