? 30 Second Market Brief (25 March 2024)

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

Let's dive in.

International Update

• US Fed leaves interest rates unchanged.
• US expected to cut rates 3 times in this year.
• US 2024 forecasts: inflation at 2.4% and growth at 2.1%.
• Euro central banks Dovish signals (in favour of lower rates).
• England kept interest rates unchanged, but likely to cut soon.
• Swiss unexpectedly cuts rates, first time in 9 years.
• Japan makes historic move, exits negative rate policy.
• Chinese property sector offsets economic data optimism.

• Positive Market Moves: Dow Jones (+1.97%), S&P 500 (+2.29%), Nasdaq (+2.85%), Euro Stoxx 50 (+0.91%), FTSE 100 (+2.63%), Nikkei 225 (+5.63%).
• Negative Market Moves: Hang Seng (-1.09%), Shanghai (-0.22%).

South African Update

• SA inflation climbs to 5.6%.
• SARB therefore unlikely to cut interest rates in March.
• SA retail sales drops by 2.1%, in real terms.
• The JSE ALSI ends week higher (+0.36%).
• Rand continues sliding (R18.99/$).

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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