Market Snapshot – February 2023

Market Snapshot – February 2023

February proved to be a mixed, but broadly negative, month for South African financial markets, driven by the stronger-than-expected US market data that confirmed higher and more widespread inflation, more robust retail sales and industrial production, and a still-improving labour market. These combined to shift global market sentiment back to a view of “higher interest […]

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Market Overview – January 2023

Market Overview – January 2023

Global financial markets resumed their recovery in January after December’s losses, propelled by improving data in a number of areas, including a shifted consensus pointing to a sooner-than-expected end to interest rate hikes in the US (and elsewhere), upside surprises to corporate earnings, and expectations of shallower growth downturns than previously anticipated. Risk assets were […]

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