Will South Africans be blessed with another interest rate cut this week?
The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is set to make its next interest rate decision on Thursday, July 31, and while the prospects of a rate cut appear positive, it’s not a clear cut case according to economists. See the full article on IOL Business here>
Great news for anyone looking to buy a home in South Africa
South Africa’s property market is experiencing an upward shift as lower interest rates and inflation-beating salary increases are spurring activity. The latest home loan data from home loan comparison service Ooba shows improvements across all major indicators in the property market. See the full article on Businesstech here>
Financial indicators by Sharedata.co.za
S&P, Nasdaq open at record highs on US–EU deal optimism
The S&P 500 and the Nasdaq opened at record highs on Monday as a U.S.-EU trade agreement boosted investor sentiment, kick-starting a pivotal week featuring megacap earnings, a Federal Reserve meeting, and a looming U.S. tariff deadline. See the full Reuters article here>
Gold steadies as traders weigh US-EU trade deal ahead of the Fed
Gold steadied after the US and European Union announced a tariff agreement, staving off some concern about a potentially painful trade war between the economies. See the full article on Moneyweb.co.za here>
Oil firmer amid optimism around US-EU deal
Oil prices rose on Monday after the US clinched a trade deal with the EU and may extend a tariff pause with China, relieving the concern that higher levies could have hurt economic activity and limited fuel demand. See the full BusinessDay article here>
U.S. stocks mixed; investors digest U.S.-EU trade deal; pivotal week ahead
U.S. stocks traded in a mixed fashion Monday, as investors digested the announcement of a U.S./EU trade deal at the start of a pivotal week, packed with a wave of major earnings, economic data and central bank decisions. See the Investing.com article here>