No time to keep up to date with markets?
Here's a?quick 30-Second Summary:
- US unemployment rate rises to 17-month high at 3.8%.
- Markets pricing in 35% chance of another US rate hike in 2023.
- Fed's preferred inflation measure (PCE) up to 4.2% with robust consumer demand.
- Eurozone inflation stable at 5.3%, core inflation improves to 5.3%.
- China stimulates economy, struggling property sector worsens, PMI rises to 49.7.
- Global indices rise: S&P 500 (+2.50%), Dow Jones (+1.43%), Nasdaq Composite (+3.25%), Euro Stoxx 50 (+1.10%), FTSE 100 (+1.72%), Shanghai (+2.26%), Hang Seng (+2.30%), Nikkei 225 (+3.44%), Gold (+1.29%), Brent Oil (+5.72%).
- SA Producer Inflation hits near 3-year low, dropping to 2.7%.
- 12 consecutive month of slowing inflation, raising hopes that SARB hold rates steady in September.
- Eskom reports a R5 Billion loss in first quarter of 2023/24 financial year.
- The JSE follows global markets higher (+1.29%).
- Rand weakens to US Dollar, ends at R18.80/$.
And that's it. You're all caught up.
Hope that was helpful for you.
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1 年Thank you Sean Cohen for your consistent updates. Wonder would any of your connections like to invest in real estate in a politically, economically and socially stable country with great tax benefits?