? 30 Second Market Brief (14 Oct 2024)

Stay informed without the time commitment.

Here's this week's 30-Second Summary.

Let's dive in.

International Update

• US indices hit new record highs after positive corporate earnings.
• US inflation rises?slightly; market expect US rate cut in Nov.
• US jobless claims reach?14-month peak.
• Hurricane Milton?causes devastation in Florida.
• Eurozone inflation?expected to reach 2% target soon.
• As such, Eurozone expected to cut rates, stocks climb.
• Chinese stocks decline?amidst fading stimulus optimism.

• Positive:?Dow Jones (+1.21%), S&P 500 (+1.11%), Nasdaq (+1.13%), Euro Stoxx 50 (+0.99%), Nikkei 225 (+2.41%).
• Negative: FTSE 100 (-0.33%), Hang Seng (-6.49%), Shanghai Composite (-3.56%).

South African Update

• SARB suggests inflation may drop below 4%?soon.?
• As such, SARB has more opportunity for policy adjustments.
• CPI forecasted to stabilise at 3.6%?in Q4, average 4% in 2025.
• Core inflation slows to 4.1%, signaling ongoing disinflation.
• SARS processes over 1.2 million tax directives?for pensions withdrawals.
• Rand strengthens on US economic data (R17.50/$).
• JSE ALSI down (-0.21%).

Week Ahead

• US Retail Sales?will reveal consumer strength (Thu).
• Eurozone expected to cut rates by 0.25% (Thu).
• China to report Q3 GDP, crucial for economic insights (Fri).
• Earnings results continue (Throughout Week).

And that's it. You're all caught up for the week.

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Sean ??

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