? 30 Second Market Brief (15 July 2024)

Stay informed without the time commitment.

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

Let's dive in.

International Update

• US Fed chair (Powell) maintains caution on rate cuts.
• US inflation falls for first time since 2020, boosting rate cut hopes.
• However, US producer inflation ticks up more than expected.
• US labour market cools (unempl. at 4.1%), suggests rate cuts working .
• Markets expect US rate cut in Sept and another in Dec.
• Resultingly, investors tilt out of mega cap to small cap stocks.
• UK GDP grows 0.4% in May.
• No party wins outright majority in French elections.
• China shows strong export data, with CPI rises less than expected.

• Positive Market Moves: Dow Jones (+1.59%), S&P 500 (+0.87%), Nasdaq (+0.25%), Euro Stoxx 50 (+0.28%), FTSE 100 (+0.60%), Nikkei 225 (+0.68%), Hang Seng (+2.77%), Shanghai (+0.80%).
• Negative Market Moves: N/A.

South African Update

• SA mining & manufacturing data disappoints.
• JSE AlSI up on expected US Sept rate cut (+0.65%).
• Rand strengthens on US rate cut hopes (R17.99/$).

Week Ahead

• Eurozone (ECB) rate decision (Thurs).
• South Africa (MPC) rate decision (Thurs).
• UK inflation data (Wed).
• China to release GDP (Mon).
• Earnings season continues (Throughout week).
• US data incl. jobless claims, retail sales (Throughout week).

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

Find this newsletter helpful?

Be a pal, and hit Share.

Sean ??

Also: When You're Ready, Here Are 2 Ways I Can Help You...

1. Protect Your Wealth & Build an Offshore Nest-Egg. Book a Call
2. Grab my FREE Offshore Investing Handbook. Download Here