The Economy: Currency Update – 20 Feb 2024
Amidst an election year, South Africa’s fiscal tightrope walk poses a challenge for the stock market, as investor confidence wavers due to government spending dilemmas and credit concerns
19 Feb 2024 : Market Resilience Amid Inflation Surge
S&P 500 performing below target Last week’s stock rally met sharp inflation increases, with stocks holding steady despite the economic data. The materials sector shined Most S&P 500 stocks fell The US Dollar dipped Bond yields rose. Earnings reports show a strong performance, especially in energy and materials, while tech lags. AI’s rise is […]
14 Feb 2024 : Maximize Your Returns – Stay Ahead with Our Market Update
Today marks a momentous occasion for romance enthusiasts and investors alike, as we delve into the heart of the market’s latest developments.
Black Friday breaks records
Black Friday sales were strong, with online sales up 7.5% YoY to $9.8bn. Cyber Monday is expected to break records with an estimated $12.5bn in sales. Companies like Shopify (+4.89%), Etsy (+3%), and Affirm (+12%) saw significant gains due to the increased demand for their products.
SA equities may deliver 20%
Markets have been relatively quiet overnight due to the US Thanksgiving holiday. While the ceasefire in the middle east is good news, major Asian indices are down this morning, with China performing particularly poorly.
