Market Update : 30 July 2024
Ready, steady, hold… The European Central Bank (ECB) has decided to keep interest rates unchanged after last month’s significant rate cut. ECB President Christine Lagarde stated that the next interest-rate meeting is “wide open,” suggesting that another cut may be possible as officials gather more information on inflation. This decision reflects the cautious approach taken by the ECB, as they await further data before making any further moves. Investors will be closely monitoring future developments to gauge the potential impact on the European economy.
Weekly Update : 22 July
Updates on Bidvest, Sasol, Naspers and Tesla.
Trading Update : 5 July
Fed indecision about when, not if Fed Cahri Jerome Powell bolstered bets that the Fed will cut rates this year, citing progress in lowering inflation. While he declined to signal easing in September, he said in comments published by Bloomberg that the risks between price pressures and the labour market were coming into better balance. […]
Trading Update : 3 July 2024
The content in this article serves as an update on how the market is currently moving. As the market is constantly evolving, it is important to stay informed about the latest trends and developments.
Market Movements – 25 June 2024
Apple’s stock surged to a new high after announcing its plans for artificial intelligence (AI) features on its devices. HSBC strategists recommend buying any dips in the stock market amid potential short-term pullbacks driven by uncertainty around interest rates.
