? 30 Second Market Brief (4 March 2024)

Stay informed without the time commitment.

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

Let's dive in.

International Update

• US Core Inflation came back as expected, calming markets.
• With that, Fed still not suggesing sooner rate cuts.
• US manufacturing fell short of expectations.
• Eurozone inflation dropped to 2.6%, but less than expected.
• Euro Central Bank (EBC) reiterated target of 2% inflation.
• China data mixed, with production below expectations.
• Japan inflation cools, birth rates reach historic lows.

• Positive Market Moves: S&P 500 (+0.95%), Nasdaq (+1.74%), Euro Stoxx 50 (+0.46%), Nikkei 225 (+2.08%), Shanghai (+0.74%).
• Negative Market Moves: Dow Jones (-0.11%), FTSE 100 (-0.31%), Hang Seng (-1.00%).

South African Update

• SA manufacturing activity rebounds in Feb.
• SARB reaffirms target inflation before cutting rates.
• SA Treasury speaks to "formidable task" to get off FATF greylist.
• Transnet appoints Michelle Phillips as new CEO.
• JSE ALSI falls for the week (-1.94%).
• Rand strengthens against US dollar (R19.03)

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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