? 30 Second Market Brief (2 April 2024)

Stay informed without the time commitment.

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

Let's dive in.

International Update

• US economy exceeds expectations, annual growth of 3.4%.
• This was due to strong personal consumption & corporate profits.
• US PCE inflation increases 2.8%, as expected.
• US Fed on track to get inflation down to 2% target.
• Ratings agency S&P downgrades regional US banks.
• Europe confident that inflation will return to 2% target by mid-2025.
• China's economy showing signs of stabilising, industrial profits up +10.2%.
• Japanese Yen depreciates to 34-yr low against US dollar.

• Positive Market Moves: Dow Jones (+0.84%), S&P 500 (+0.39%), Euro Stoxx 50 (+1.04%), FTSE 100 (+0.27%), Hang Seng (+0.31%).
• Negative Market Moves: Nasdaq (-0.30%), Nikkei 225 (-1.27%), Shanghai (-0.23%).

South African Update

• SARB keeps repo rate unchanged at 8.25%.
• SARB states there are mounting upside risks to inflation.
• SA formal employment decreases by 194,000.
• JSE ALSI up for the short week (+1.75%).
• Rand strengthens slightly (R18.88/$).

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

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See you next week.

Sean ??

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