Trading update : 20 August 2024
The latest market movements including notes on Tencent, SA Rand and the mining sector.
Trading update : 13 August
There are growing concerns about the global market selloff, with Monday’s wild market gyrations wiping out $6.4 trillion. It is unclear whether this marks the final stage of the selloff or the beginning of a prolonged slump. Read more about the market movements of the last week here.
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.
