NEWS

Week in Review: China’s Post-Covid Recovery Shows Strong Progress

China’s National Bureau of Statistics (NBS) reported that the manufacturing purchasing managers’ index (PMI) rose to 52.6 in February from 50.1 in January, above the 50-point mark that separates expansion and contraction in domestic activity.

Week in Review: Markets Price in More Fed Hikes

The market is now expecting that the U.S. Federal Reserve (“the Fed”) will hike the federal funds rate by 0.25% at each of its next three meetings.

Week in Review: U.S. Inflation Offers a Mixed Picture

All eyes were on U.S. inflation data this week, with the release offering a mixed picture.

SA Budget Speech 2023

Finance minister Enoch Godongwana announced his Budget speech in Parliament on Wednesday. On balance, while macroeconomic risks persist, the 2023 Budget was in line with market expectations, reiterating government’s commitment to stabilising debt.

Week in Review: Markets Digest Further Possible Rate Hikes

U.S. major indexes ended the week lower, giving back a part of the previous week’s gains.

Week in Review: Central Banks Start to See the End in Sight

The trio of big central banks, namely the U.S. Federal Reserve (Fed), the European Central Bank (ECB) and the Bank of England (BoE) all raised rates at their early February meetings this week.

Week in Review: US GDP Growth Surprises

The fourth quarter U.S. gross domestic product (GDP) advance estimate released during the week reveals a strong and resilient economy, growing at a 2.9% annualised pace in the fourth quarter of 2022.

Week in Review: Soft Economic Data Weighs on Investor Sentiment

U.S. indexes ended the week mixed, as fears of a recession weighed on investor sentiment.

Week in Review: U.S. Inflation Continues to Slow

2023 has started the year with equity markets rising, bond yields falling, and the U.S. dollar weakening, very different to the trends that prevailed in 2022.

Week in Review: U.S. Labour Market Remains Robust

Friday’s employment report in the United States turned sentiment back in a positive direction as investors weighed a renewed possibility of the Federal Reserve (Fed) achieving a soft landing.

Week in Review: Mixed Markets Ahead of Holiday Season

Hawkish comments from the Federal Reserve and other global central banks over the previous week continued to be a key factor weighing on markets.

Week in Review: Central Banks Stay Hawkish

The US Federal Reserve (Fed) announced a 50 basis point rate hike on Wednesday, taking the benchmark policy rate to the targeted range between 4.25% and 4.5%.