Category: Finance

Head of Fixed Income Qhivi Tiva, during a post speech commentary and analysis of the SONA 2024 on CNBCA Africa…

Last week, international markets awaited revisions to the US inflation data with baited breath. Domestically, the post SONA 2024 address has left markets with more questions than answers, as the country’s power and logistics issues continue…

As the nation gears itself to go to the polls later this year. expectations are high ahead of Thursday’s State of the Nation Address (SONA). Given current challenges and competing issues the president faces the difficult task of delivering a realistic address whilst simultaneously inspiring hope…

Last week’s highlight was the US Fed’s FOMC interest rate decision to keep interest rates unchanged in line with expectations. Meanwhile, against a very challenging economic backdrop, President Ramaphosa will deliver the SONA on Thursday and will seek to highlight the government’s gains over the last year as well as offer a glimpse into it’s future vision and priorities. …

The focus this week will be on the Federal Open Market Committee’s first money policy statement for the year on the back of a stellar US economy performance for 2023. Meanwhile, the SARB’s expected decision to leave rates unchanged will likely give SA consumers a welcome break, for now…

All eyes are on monetary policy this week with the release of the December CPI print, the first SARB MPC meeting for 2024, and the Fed implying that US rate cuts are not expected to happen as soon as markets currently anticipate…

Last week US non-farm payroll numbers overshot expectations, increasing by 199 000 in November, leaving investors expecting the Fed to keep interest rates higher for longer.
On the local front, our GDP contracted in the third quarter amid an energy crisis and high interest rates, whilst Eskom ended a period of prolonged uncertainty as they announced their new CEO…

The bond market’s biggest monthly rally in years gathered pace this week after more dovish comments delivered by several Fed officials. The likelihood of a Fed rate cut in March has risen, with swaps now fully pricing in a reduction in May. Locally, investors are awaiting the SA GDP growth numbers for Q3:23…

Early this week, lower-than-expected US CPI for October dominated the headlines raising market expectation of a Fed  interest rates cut in the first half of 2024. […]

Prowess is proud to announce the announcement of Qhivi Tiva as Head of Fixed Income Investments as of September 01 2023.