The Federal Open Market Committee (FOMC) dominated financial market news last week, as they opted to keep the federal funds rate unchanged. Meanwhile, the local bond market reacted positively to the announcement of a Government of National Unity…
On June 05 2024, Head of Fixed Invome Qhivi Tiva delivered a masterclass hosted by the CFA society South Africa in collaboration with the Actuarial Society of South Africa. The masterclass was on the evolution, market dynamics and performance of SA inflation linked bonds…
Last week, markets witnessed the first stages of the cutting cycle, after the European Central Bank cut rates by 25bps. Meanwhile locally, ongoing political uncertainty has continued to weaken the Rand…
South African markets continue to trade with caution on uncertainty around coalition arrangements or a minority government following the general election outcome, whilst the European Central Bank has indicated its readiness towards rate cutting in June…
Last week, the Federal Open Market Committee (FOMC) released its May 1st meeting minutes. The minutes were broadly hawkish, weaking the Rand. Locally, this is a big week as SA goes to the polls on Wednesday, and the SARB is set to deliver its rates decision on Thursday…
This is a historic week as South Africa prepares to head to the polls on 29 May for the seventh time since the dawn of democracy 30 years ago. Investors, financial analysts and policymakers are closely monitoring the political landscape to gauge potential outcomes and their subsequent impact on economic policies, investor confidence, and market dynamics…
Taku Makotore, Prowess Fixed Income Analyst, on the Prowess money market strategy, his time with the business, and the power of collaboration…
Last week US CPI data prints affirmed a sticky inflationary environment, with no sign of interest rates cut on the horizon. While locally, markets await the local CPI print ahead of the MPC’s interest rates announcement at the end of May…
Last week, the Bank of England kept the bank rate on hold at 5.25% but their tone was dovish, leading investors to believe a cut might be on the cards in their June meeting, whilst the Rand has remained constrained due to a risk-averse sentiment tied to the delay in US interest rate cuts…
The US Fed’s FOMC meeting is in the spotlight this week, with the Committee expected to keep interest rates unchanged given the latest CPI and core PCE data indicate that price pressure continues to be sticky.
Locally, the SARB expects the near- and medium-term outlook for GDP growth in South Africa to improve…
