Trading Update : 6 August 2024
Trading update 6 August 2024. Meta, Apple, BHP, Walmart, Anglo American and more.
Inflation trending down in SA
In June, inflationary pressures continued to ease, with headline consumer price inflation declining to 5.1% from 5.2%, in line with expectations. Despite this, the monetary policy committee decided to keep interest rates unchanged, leaving markets waiting for a much-needed decrease.
Market Update : 30 July 2024
Ready, steady, hold… The European Central Bank (ECB) has decided to keep interest rates unchanged after last month’s significant rate cut. ECB President Christine Lagarde stated that the next interest-rate meeting is “wide open,” suggesting that another cut may be possible as officials gather more information on inflation. This decision reflects the cautious approach taken by the ECB, as they await further data before making any further moves. Investors will be closely monitoring future developments to gauge the potential impact on the European economy.
What are defensive assets and how can they protect your portfolio?
In uncertain global markets, investors are advised to protect their portfolios by shifting towards defensive assets. These assets, such as defensive stocks and the US dollar, offer stability and downside protection during volatile times, reducing overall risk exposure.
Weekly Update : 22 July
Updates on Bidvest, Sasol, Naspers and Tesla.
