Financial News 27th May 2024

South Africa’s Rand: Stability Amid Election Uncertainty
South Africa’s rand remained relatively stable early Monday as the nation faces a critical week. Highlighted by the national election and an interest rate decision, the period is set to reveal important economic data. The rand traded close to its previous levels, reflecting cautious market sentiment. Read the full article here>

What to expect from interest rates this week – and three key things to look out for
As the Monetary Policy Committee (MPC) gears up for its upcoming meeting this week, most economists and analysts expect the status quo to be held – and kept there until the end of the year. Read the full Businesstech article here>

Stocks climb, dollar slips on hopes for Fed easing: Markets wrap
Asian stocks gained while the dollar softened amid bets that the Federal Reserve will cut interest rates this year, with US inflation data due this week likely to signal easing price pressure. read the full Moneyweb article here>

Gold recovers from two-week low ahead of US inflation data
Gold prices on Monday drifted higher from a two-week low hit in the previous session as traders gauged fading hopes of US interest rate cuts ahead of a key inflation report due later this week. Read the full BusinessDay article here>

Top 5 things to watch in markets in the week ahead
Inflation data out of the U.S., the euro zone and Japan will be front and center in the holiday-shortened week ahead. The health of China’s manufacturing sector will also be in the spotlight, while concerns over the demand outlook may continue to weigh on oil prices. Here’s your look at what’s happening in markets for the week ahead. Read the full article here>

Oil hardly changed as focus turns to Opec+ meeting
Oil prices steadied in Asian trading on Monday as markets awaited an Opec+ meeting on June 2 where producers are expected to discuss maintaining voluntary output cuts for the rest of the year. Read the full BusinessDay article here>

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