US Q4 GDP Nowcast Still Points to Moderate Growth in 2023
The recession that was widely predicted when the year began has only been postponed, some forecasters warn. The US is likely to contract at some point in the new year, runs the updated...
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S&P 500 Uptrend Under Threat Ahead of Key Data, Powell Speech
Yesterday was a fairly uneventful day, with the S&P 500 falling roughly 20 bps. Meanwhile, the 2-year auction at 11:30 AM was fairly ugly, with the new issue tailing one bps, while...
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Market Review, Commodities, Currencies, Economic & Corporate Update - 28.11.23
SOUTH AFRICA MARKET REVIEW South African markets closed in the red yesterday, led by losses in real estate and retail sector stocks. Homebuilding companies, Attacq (JO:ATTJ), Fortress REIT...
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Gold reaches six-month high on weaker USD
The price of gold reached a six-month high on Monday mainly due to a weaker US dollar and as traders continued to bet that interest rates in the US have peaked. “Last week, economic...
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Gold, Silver and Bitcoin Shine Brightly This Holiday Season
The 2023 holiday season is officially upon us, and already, records are being shattered. Black Friday deal-hunters in the U.S. shelled out $9.8 billion online, a 7.5% over last year,...
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Shoot low and sell high
Market scorecardThe S&P 500 concluded a fourth consecutive week of gains on Friday, accompanied by a decline in the VIX (Volatility Index), often referred to as Wall Street's "fear...
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S&P 500: 5 Bullish Mid-Term Signals Pointing Towards a Strong Q4 Performance
Volatility, gauged by the Vix indicator, has seen a remarkable 41% decrease in the past four weeks, marking its ninth most significant drop within this historical timeframe. Meanwhile,...
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Financial Conditions Ease Dramatically in November: What Does it Mean for Stocks?
The Mastercard SpendingPulse data noted that black Friday shopping increased by 2.5% y/y, down sharply from a 12% y/y increase in 2022. When we think about this, adjusted for inflation, that...
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Market Review, Commodities, Currencies, Economic & Corporate Update - 27.11.23
SOUTH AFRICA MARKET REVIEW South African markets closed in the green on Friday, buoyed by gains in mining and banking sector stocks. Gold miners, Sibanye Stillwater (JO:SSWJ), Harmony Gold...
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Economic data serves as catalyst for global markets
European stocks advanced for a second consecutive session on Friday following a spate of economic data that depicted a more optimistic picture of development across the continent,...
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Financial Data at Your Fingertips: Uncover a Universe of Insights on a Single Page
As investors, we must glean crucial information about the companies on our radar when repositioning our portfolios. InvestingPro's 'Data Explorer' allows you to search for all the data you...
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Welcome to Miami
Market scorecardThe US markets were closed yesterday as many investment professionals took time off to celebrate with family and enjoy some Thanksgiving festivities. The holiday often leads...
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Rand recovers losses after SARB keeps interest rates unchanged
The FTSE/JSE All Share Index (ALSI) gained 0.90% to settle at 75 439 points as traders assessed the global economic outlook and the trajectory of interest rates. Moreover, the rand recovered...
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Going live
Market scorecard US markets closed higher ahead of the Thanksgiving holiday. So far, November has proven to be the most favourable month for markets since July last year, with the positive...
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Market Review, Commodities, Currencies, Economic & Corporate Update - 23.11.23
SOUTH AFRICA MARKET REVIEW South African markets closed in the green yesterday, ahead of the South African Reserve Bank (SARB) interest rate decision. Diversified miners, Pan African...
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SA’s inflation rate quickens more than expected
The local bourse closed firmer on Wednesday, adding 0.70% as strength in resource-linked sectors and industrials outweighed losses in financials. Meanwhile, investors digested data that...
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The escalating price of healthcare costs in South Africa
South Africa, like many other nations, grapples with the soaring cost of healthcare, a multifaceted challenge that adversely affects its citizens. Several factors contribute to this...
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Market Review, Commodities, Currencies, Economic & Corporate Update - 22.11.23
SOUTH AFRICA MARKET REVIEW South African markets closed in the red yesterday, ahead of domestic consumer inflation data and led by losses in mining sector stocks. Platinum miners, Impala...
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Global Stocks Muted with Focus on FOMC Minutes
US stocks ended lower on Tuesday, snapping a five-day winning streak amid mixed quarterly results from major retailers and the release of Federal Open Market Committee (FOMC) minutes that...
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Bulls for reindeers
Market scorecard US markets pushed higher again last night, as the Santa Claus rally continues. It's not even December yet, but we are feeling the festive season cheer! The S&P 500...
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Stocks Firmer as Investors Wait for Interest Rate Outlook
US stocks got off to a positive start this week as investors wait for the Federal Market Open Committee (FOMC) minutes due later today, for more hints on the US Federal Reserve’s (Fed)...
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Lone Starlink
Market scorecard US markets edged higher on Friday, as appetite for risk made a strong return. The broader S&P 500 bagged a third week of gains, and is now up in 13 of the last 15...
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3 Factors Set to Spark Inflation Volatility in the Next Decade
Forget inflation predictably floating around 1.5% as in the last decade.Does this mean this paradigm shift will see inflation consistently print at 4% going forward?Not necessarily.But it...
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Market Review, Commodities, Currencies, Economic & Corporate Update - 20.11.23
SOUTH AFRICA MARKET REVIEW South African markets closed in the green on Friday, boosted by gains in metals and healthcare sector stocks. Diversified miners, Anglo American (JO:AGLJ), Kumba...
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Hopes for an end to rate hikes lifted markets
The FTSE/JSE All Share Index (ALSI) ended the week strong on Friday, closing slightly higher amid growing conviction that the US Federal Reserve (Fed) may be done raising interest rates....
