Investors are biding their time – with South Africa expected to turn a corner
Investors are expecting a rally following the South African national and provincial elections on 29 May 2024. Read the full Businesstech article here>
Gold price falls on diminished hope of US Fed rate cut
Gold prices slipped on Monday as hopes for early interest rate cuts this year dampened, while focus shifted to the US Federal Reserve policy meeting and US nonfarm payrolls data due this week for further clarity on monetary policy. Read the full BusinessDay article here>
Asia shares rise as Fed looms large; yen crumbles below key level
Asian stocks got off to a positive start on Monday ahead of the Federal Reserve’s policy meeting later in the week, while the dollar broke past the psychologically key level of 160 yen for the first time in decades. Read the full Investing.com article here>
Oil declines as US steps up efforts to secure a truce in Gaza
Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East. Read the full Moneyweb article here>
Top 5 things to watch in markets in the week ahead
It’s set to be another hectic week in markets with the Federal Reserve’s latest policy meeting front and center. The U.S. is to release its latest employment report on Friday and the last of the “Magnificent Seven” big tech names are to report earnings. Meanwhile the euro zone and China are to release what will be closely watched economic data. Here’s what you need to know to start your week. Read the full Investing.com article here>
Market Indicators Overview (supplied by Sharedata.co.za)
