? 30 Second Market Brief (16 Sep 2024)
Sean Cohen's 30 Second Market Brief

? 30 Second Market Brief (16 Sep 2024)

Sean Cohen Sean Cohen

Sean Cohen

Offshore Investment Advisor for South Africans | Tax-Efficient Structuring | Author of the 30 Second Market Brief | Protecting South Africans' Financial Futures

发布日期: 2024年9月16日
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Stay informed without the time commitment.

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

Let's dive in.

International Update

Global Market News Summary

  • US Inflation (CPI) eased to 2.5%, lowest since February 2021.
  • Fed likely to cut rates by 25 bps?this week.
  • European Central Bank cut rates, citing slowing inflation.
  • China approves retirement age increase?due to workforce concerns.
  • Gold hits record highs, driven by weakened US dollar.

  • Positive:?Dow Jones (+2.60%), S&P 500 (+4.02%), Nasdaq (+5.95%), FTSE 100 (+1.12%), Euro Stoxx 50 (+2.24%), Nikkei 225 (+0.52%).
  • Negative: Hang Seng (-0.44%), Shanghai Composite (-2.23%).

South African Update

South African Market News Summary

  • SARB likely to cut repo rate to 8.00% next week.
  • July inflation at three-year low, 4.6%.
  • Fitch keeps SA's credit rating unchanged, despite GNU.
  • JSE gains +0.75%, investors eye US Fed meeting.
  • Rand strengthens to R17.75/$.

Week Ahead

The Week Ahead

  • US interest-rate decision, likely to cut rates (Wed).
  • UK interest-rate decision, likely to cut rates (Thurs).
  • SA interest-rate decision, likely to cut rates (Thurs).
  • Japan interest-rate decision, likely to cut rates (Fri).

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

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The 30 Second Market Brief ?? The 30 Second Market Brief ??

The 30 Second Market Brief ??

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Emanuel Balsa

I educate 10,000+ people CRUSH confusion by turning complex ideas into simple wins ?? Change your behaviors, finances and career ?? 13 years of research

2 个月

A balanced news intake is key to staying informed without overload. Regular highlights keep you connected and grounded in reality.

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Michael Kakuru

I Ghostwrite educational email sequences for Financial Planners (Courses & Newsletters) to attract high quality leads. | Senior Paraplanner

2 个月

You are right Sean You need to give it just enough attention to know what to do.

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Matthew Preiss (BBusSc)

Project manager - business development | Passionate about sharing knowledge on all things personal finance & investing | Coffee enthusiast | Content creator.

2 个月

Everyone waiting on the fed this week.??

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