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.
What are defensive assets and how can they protect your portfolio?
In uncertain global markets, investors are advised to protect their portfolios by shifting towards defensive assets. These assets, such as defensive stocks and the US dollar, offer stability and downside protection during volatile times, reducing overall risk exposure.
Weekly Update : 22 July
Updates on Bidvest, Sasol, Naspers and Tesla.
Are self-driving robotaxis the next hyper-growth tech trend?
Tesla is betting on self-driving robotaxis as the next major hyper-growth trend, with the potential to deliver trillions in revenue and 10-fold returns on Tesla stock, according to industry experts. Despite challenges in autonomous vehicle development, companies like Waymo and Rimac are also making strides in the robotaxi market, revolutionizing the global auto industry.
How to invest in sustainability
Investing in sustainability is on the rise as socially conscious investors seek to make a positive impact while earning returns. This involves supporting companies that prioritize environmental, social, and governance factors and can lead to long-term growth and cost savings.
