? 30 Second Market Brief (23 Oct 23)

No time to keep up to date with markets?

No problem.

Here's a?quick 30-Second Summary:

International Update

• Middle East tensions and rising bond yields trigger market selloff.
• U.S. central bank leans towards stable rates, likely no increase soon.
• Positive U.S. data: Core & Retail sales up, production beats expectations.
• UK's inflation higher than expected but BOE likely to maintain policy.
• ECB warns of inflation risks, as oil prices rise due to Middle East conflict.
• China's Q3 GDP up 4.9% but property sector remains a major concern.
• Risk-off sentiment impacts markets: Dow Jones (-1.61%), S&P 500 (-2.39%), Nasdaq (-3.16%), Euro Stoxx 50 (-2.69%), FTSE 100 (-2.60%), Nikkei 225 (-3.27%), Hang Seng (-3.60%), Shangai (-3.40%), Gold (+2.51%), Brent Oil (+1.56%)

SA Update

• Headline Inflation rises to 5.4% in Sep, due to higher petrol prices.
• Core inflation falls to 4.5% in Sep, beating expectations.
• Kholeka Gcaleka named new Public Protector, after predecesor impeached.
• JSE ALSI follows global markets, down -3.73%.
• The Rand held surprisingly steady at R18.98/$.

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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