Warning for interest rates in South Africa
Significant changes in the world’s largest economy have led to serious questions over South Africa’s interest rate trajectory. South Africa’s interest rate trajectory is looking less certain following the reelection of Donald Trump in the USA. Read the full Businesstech article here>
South African stocks’ rally hinges on beating earnings estimates
The main index is up over 7% in dollar terms since a business-friendly unity government was installed in early July, easily outpacing the 0.8% drop for emerging-market peers. Read the full Moneyweb report here>
Petrol prices expected to decrease in December, while diesel price could increase
Petrol users will have something to cheer about going into the festive season, however, it won’t be the same for diesel users in the country. Read the full IOL Business article here>
Financial Indicators by Sharedata.co.za
Geopolitical concerns keep markets under pressure
South African financial markets ended the week in mixed territory: uncertain and mostly weaker. The Trump victory in the US presidential election, along with the Republican landslide in both the Senate and the House of Representatives, brought negative sentiment toward emerging markets, particularly China and South Africa. Read the full IOL Business article here>
Wall Street record lifts Asian shares
Equities climb, while dollar recovers against the yen and pound at the start of a crucial week for the US rate outlook. Read the full BusinessDay article here>