Investors eye SARB interest rate decision today
Local investors will closely watch the interest rate announcement from the South African Reserve Bank (SARB) this afternoon to see if borrowing costs will be increased by another 50 basis...
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Markets Mixed as Concerns of a Possible Recession Mount
The FTSE/JSE All Share Index (ALSI) fell by 0.30% on Friday, marking the second consecutive session of losses on renewed fears of a possible recession and as advances in technology firms...
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Markets Fall as Concerns About a Possible Recession Grow
The local bourse tracked weaker global markets after it was down by 0.45% dragged by the resource and technology counters, as well as global market sentiments which was dented by renewed...
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Markets Mixed on China’s Slower GDP Growth Rate
Markets in China closed lower on Tuesday after their latest GDP growth rate showed that the country’s economy only expanded by 3% in 2022, well below the 5.50% target from the...
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2023 Stock Market Outlook: Risks Skewed to the Downside
As we look forward to the new year, optimism about inflation peaking is all I can think of in terms of limiting the downside risks for stocks Still, at least some of this peak-inflation...
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US Recession Fears Offset China Reopening Optimism
The week kicked off with a hattrick of stronger-than-forecast US data, including Friday’s non-farm payroll, the ISM services PMI and factory orders. The data raised questions over the...
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DAX Set for Correction After Impressive Recovery
Global indices are starting retreat as recession fears replace the peak inflation narrative DAX ends recent consolidation with a break of short-term trend This combination of factors may...
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Fed Chair Powell and Cooling Core PCE Boost Stocks, Hurt the USD
This week Federal Reserve Chair Jerome Powell came out and said what the market had been thinking. He signaled that the US Federal Reserve could slow the rate at which it raises interest...
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Chinese Zero-Covid Protests Send Shockwaves Through Equity Markets
Global markets were on the back foot on Monday as investors assessed social unrest that broke out in mainland China over the weekend as residents vented frustrations over snap lockdowns,...
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Markets Close Higher Despite Gloomy Economic Outlook
Most markets closed in the green on Tuesday, despite the Organisation for Economic Co-operation and Development (OECD) forecasting slower economic growth around the globe next year....
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Most markets retreated despite the Fed’s hawkish tone
The JSE closed 0.60% higher on Friday at 72 577 points, led by financials and industrials. Focus was mainly on the planned evaluations of South Africa's sovereign credit ratings by S&P...
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Markets Retreated Tracking a Global Selloff Amid Range of Catalysts
Wall Street traded lower on Thursday following a mixed bag of corporate earnings and a selloff in high-growth and technology stocks amid rising Treasury yields. Markets in Europe also ended...
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Markets Slipped on Fears of a European Conflict
Wall Street struggled for direction on Wednesday after policymakers fretted on a potential conflict in Europe after a suspected Russian missile struck two civilians in Poland. The president...
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DAX Rally Looks Fatigued
ECB Vice President said bank must prioritize fight against high inflation RSI at ‘overbought’ levels on DAX, other indices No fresh major macro catalysts to excite bulls The...
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Markets Mixed After Hawkish Fed Comments
Wall Street opened lower on Monday after a Federal Reserve (Fed) official warned against being too optimistic following one better-than-expected inflation rate report. Fed Governor...
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Markets Firm after China Eases Covid Restrictions
US stocks finished higher on Friday, extending Thursday's gains prompted by better-than-expected inflation data for October 2022, which made a case for a 50-basis point rate hike at the next...
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Most Markets Firmer after Lower US Inflation Data
Wall Street traded higher on Thursday after the release of better-than-anticipated inflation data. The annual inflation rate in the US decreased to 7.70% in October 2022, from 8.20% recorded...
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Markets Mixed on Eve of Key US Inflation Data
Markets were mixed on Wednesday as investors focused their attention on the results of the US midterm elections and today’s US inflation report. At 18h00 the Dow fell nearly 500...
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All Focus on US Midterms and Upcoming Inflation Data
Global markets were mixed on Tuesday as investors waited for the results of the US midterm elections and inflation data due later this week. Wall Street posted gains with investors...
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Risk-On Sentiment Boosted Markets
Most equity markets started the week in the green as investors hoped that the Chinese economy would reopen, even though Chinese authorities denied plans to ease its zero-Covid policy. The...
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Powell's Hawkish Remarks Spark Global Equity Selloff
The local bourse pared losses of more than 1% to close at a one-week low of 66 047 points on Thursday, as market participants continued to digest hawkish commentary from US policymakers....
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Markets End Mixed on Fed Uncertainty
Global markets ended the week mixed after a Wall Street Journal report stated that the US Federal Reserve (Fed) might debate a lower interest rate increase in December 2022, lifting hopes of...
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UK policy reversal boosts sentiment
Most global markets closed firmer on Monday after the newly appointed UK Chancellor, Jeremy Hunt, announced a new economic plan. In an emergency statement previously scheduled for 31 October...
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JSE retreats as investors digest new US inflation survey
The FTSE/JSE All Share Index (ALSI) retreated by 0.19% on Friday after a US consumer survey suggested that inflation will likely remain elevated, implying that more aggressive interest rate...
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Wall Street Rebounded After Lower US Inflation Data
Wall Street returned to positive territory on Wednesday after the annual inflation rate in the US slightly eased to 8.20% y/y in September 2022 from the previous month’s decline to...
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Fed Remains Hawkish FOMC Minutes Indicate
Federal Open Market Committee meeting minutes suggested that Fed officials are beginning to lay the foundation for a slower pace of rate hikes in the future, although the tone remained...
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IMF Cuts Its FY23 Global Economic Growth Outlook
Due to elevated macroeconomic conditions, the International Monetary Fund (IMF) has reduced its global economic growth forecast for next year to 2.70%, and it also predicts that 2023 could...
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Global markets slipped as investors await US inflation figures
The FTSE/JSE All Share Index (ALSI) lost 1.38% on Monday, weighed down by resource-linked and technology shares, and as investors set their eyes on this week’s US inflation figures....
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Global Markets Fall as Investors Await Key Interest Rate Decisions
The local bourse slipped for the fourth straight session on Friday, ending 1.46% lower for the day and more than 3% lower for the week, with industrials being the key detractor, after...
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JSE Down for Third Time This Week
The FTSE/JSE All Share Index (ALSI) fell for the third consecutive day on Thursday, losing 0.58% as market participants prepare themselves for more market volatility ahead of the US Federal...
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Global Markets Mixed as Investors Digest Recent Inflation Data
The FTSE/JSE All Share Index extended the previous day’s losses on Wednesday after closing 0.45% lower, with financials underperforming by over 2%, the lowest level since July 2022....
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Most Global Markets Fell After Key US Inflation Data
Despite US inflation reaching its lowest level in four months yesterday, falling to 8.30% in August 2022 compared with 8.50% a month before, Wall Street still opened lower on Tuesday. With...
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Global Markets Rise Ahead of US Inflation Data Release
The local bourse finished higher on Monday ahead of today's release of much anticipated US inflation data. The FTSE/JSE All Share Index (ALSI) closed 1.59% higher as investors expect US...
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US Markets Price in 75 bps Rate Hike in September
Wall Street opened lower on Tuesday, following a holiday closure the day prior, as economic data underpinned expectations for more interest rate hikes from the Federal Reserve (Fed). The US...
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Global Stocks Wobble on Energy Supply Jitters
European stocks fell flat on Monday, with Germany’s DAX leading the downtrend with a 2% loss as concerns about the possibility of gas rationing in Europe’s largest economy flared...
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Markets Ended Multi-Day Losing Streak on Friday
Most major markets closed in the green on Friday, ending a multi-day losing streak witnessed for most of last week. Wall Street traded above 1% at 17h30 after data showed that the labour...
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DAX Could Be Heading To A New 2022 Low
Soaring inflation to weaken Eurozone economy ECB set to up the rate hikes DAX in renewed bearish motion European equities are likely to remain under pressure as concerns about the economy...
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Resource and energy sectors drag markets down
Global equity markets continued to buckle under the strain of higher interest rates expected by central banks in the next few months on Tuesday. While a fall in oil and natural gas prices...
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Oil’s Iran Cliffhanger: What To Know And What To Expect
EU attempting to revive Iran nuclear deal with market staying pessimistic Crude prices could rebound from oversold conditions but stay off 2022 highs Both Iran, US likely looking for 'win'...
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Mining Shares Supports Local Bourse
The FTSE/JSE All Share Index (ALSI) rebounded and finished 1.08% higher on Tuesday, a level last witnessed towards the end of May 2022. Big industrial companies and mining shares supported...
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Global Markets Mixed After Disappointing Chinese Data
Global markets were mixed on Monday as investors considered weak economic data from China and an unexpected interest rate cut by the country's central bank. China's industrial production...
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