Financial News 13th May 2024

Rand starts the week on a stronger footing
The rand started the week on a stronger footing against the dollar as the markets are still focused on the possibility of a US Federal Reserve rate cut later this year. Read the full IOL Business article here>

Rate Cut Expectations Continue to Boost Global Markets
The FTSE/JSE All Share Index (ALSI) advanced the most in 10 days on Friday, rising alongside its international counterparts as expectations of a Federal Reserve (Fed) interest rate cut were reinforced by lower US jobs data. Read the full article from here>

Private sector dominates investment in South Africa
The private sector is continuing to sport the lion’s share of capital investment in South Africa, increasing its spending on infrastructure, software, research and development investments. Read the full Businesstech article here>

China to begin stimulus bond issues this week
China’s finance ministry said on Monday it will start the long-awaited sales of long-term treasury bonds that Beijing hopes will help stimulate key sectors of a flagging economy this week. Read the full BusinessDay article here>

US stocks edge higher ahead of key inflation data; Arm gains on AI plans
U.S. stocks edged higher Monday, trading in tight ranges ahead of the release of key inflation data, due later this week, which is likely to factor into the outlook for interest rates. Read the full article here>

Oil falls further amid signs of weak demand
Oil prices extended declines on Monday amid signs of weak fuel demand and as comments from US Federal Reserve officials dampened hopes of interest rate cuts, which could slow growth and crimp fuel demand in the world’s biggest economy. Read the full BusinessDay article here>

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