Economic update – From deep amber to a shade of green
The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) left the repo rate unchanged at 8.25%, with a slightly dovish tone, despite market expectations of a rate cut, and revised its inflation forecast, leading to a shift in market expectations.
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19 Jan 24 : Stock Market Rebounds
The stock market rebounded after two consecutive days of losses. The Dow Jones Industrial Average increased by 0.54%, the S&P 500 rose by 0.88%, and the Nasdaq Composite surged by 1.35%. The main driver behind this recovery was the positive earnings report from TSMC, which saw its stock price jump by 9.79%. This strong performance […]
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