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Here's this week's 30-Second Summary.
- US jobless claims hit high since Aug, suggests weaker labor market.
- UK economy sees robust growth in Q1, ends recession.
- Bank of England holds rates at 5.25%, cautious on inflation risks.
- S&P 500 nears all-time high, FTSE 100 hits record level.
- Eurozone retail sales surge +0.8% in March.
- China’s services sector growth slightly down, but still expanding.
- China's exports rebound 1.5% YOY; trade surplus up to $72bn.
- Bank of Japan hints faster rate hikes if yen keeps falling.
- Positive Market Moves: Dow Jones (+2.16%), S&P 500 (+1.85%), Nasdaq (+1.14%), Euro Stoxx 50 (+3.32%), FTSE 100 (+2.68%), Hang Seng (+2.77%), Shanghai (+1.60%).
- Negative Market Moves: Nikkei 225 (-0.02%).
- SA manufacturing output underperforms, drops 6.4% YoY.
- SA GDP figures show strain but no recession expected.
- JSE ALSI up (+2.66%), spurred by US jobs report.
- Rand strengthens to R18.44/$.
- US Inflation data to influence FED's 2024 rate cut decisions.
- US Retail sales data will give insight into health of US economy.
- China to release important economic data on Friday.
- UK job reports on Tuesday to see impact of pay increases on prices.?
And that's it. You're all caught up for the week.
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Financial Controller
9 个月Thanks Sean. Would be interesting to see if the Zar/Usd momentum keeps up or is a short lived event.
Personal Finance Made Simple
9 个月There is so much 'noise' in the investing community, you have to tune it out and do your own due diligence.