Last week US Consumer Price Inflation (CPI) came in a touch softer than expected with very minimal reaction from the market. Softer US inflation reinforced investor expectations of a Fed rate cut in September. Locally, retail sales numbers came in stronger than expected, demonstrating a resilient SA consumer in the face of high interest rates…
Last week, market risk aversion rose markedly following concerns about the possibility of a US recession. Meanwhile locally, foreign holdings of South African government bonds increased…
Last week, the Fed kept interest rates unchanged, but signalled they are moving closer to cutting rates on the back of easing inflation and cooling US non-farm payrolls data. Weaker than expected employment growth together with an increase in unemployment sparked fears of a slowdown in the US economy, prompting predictions of action by the Fed to cushion the economy…
With the US deflator coming in as expected, it has set the scene for the FED to start cutting rates as soon as its September meeting. Meanwhile, the SA core consumer inflation has eased, which should be a welcome relief for consumers…
With a persistent inflation outlook risk, it came as no surprise that the SARB kept the repo rate unchanged at 8,25 % last week. Meanwhile, all eyes are on VP Kamala Harris after President Biden’s decision to drop out of the presidential race, as markets remain unmoved…
Last week, markets increased bets on a September rate cut following the US CPI print, while domestically, the demand for South African local-currency bonds continues to surge buoyed by the newly minted GNU…
In a year of elections, Head of Fixed Income Qhivi Tiva argues that the one taking place on 7th November is the one that will be watched the closest, given the wide geopolitical influence and reach of the USA…
Last week, US non-farm payrolls data presented a mixed picture for the US labor market, at a time when the Fed is considering when to begin cutting interest rates. Locally, the Bureau for Economic Research (BER) inflation expectations for 2024 came in lower than in previous periods, welcome news ahead of the SARB rates decision later this month…
With the GNU cabinet announced, markets reacted positively as the retention of Enoch Godongwana signals policy certainty, continuity and fiscal consolidation. The real indicator of its success will be economic performance in the long term…
With Cyril Ramaphosa sworn in for a second term as president for the 7th administration, markets are eagerly awaiting the cabinet announcement over the next few days…
