US inflation still remains well above the Fed’s 2% target, making room for another interest rate increase, consequently keeping the Rand under pressure.
#US#Inflation#ZAR#CPI#PPI
Yesterday, the US consumer inflation rate also printed slightly higher than expected at 3.7% vs the market expected number of 3.6%, this is however in line with last month’s figure.
#US#Inflation#ZAR#CPI#PPI
On Wednesday, the US producer inflation rate printed higher than expected at 0.5% vs the market expected number of 0.3%, this was however lower than the previous number of 0.7%.
#US#Inflation#ZAR#CPI#PPI
Stocks lower
#Stock futures in the #US were slightly lower on Thursday, with contracts on both the S&P 500 and the #Dow Jones losing about 0.3% and the #Nasdaq 100 falling 0.1% after closing in the green the day before.
https://t.co/BxtVADiZaw
Technically, the #ZAR is losing ground as the #Dollar continues to break through key resistance levels, and it's hard to argue against the Buck’s momentum.
Read today's Afternoon Note: https://t.co/BxtVADiZaw
#markethighlight#trade
The #ZAR endured a volatile session with wild swings, after reaching 19.4300 before touching 19.1600 and back up to 19.4000.
https://t.co/5Q5k1Z4vNn
#marketopen#trade#finance#today
#Stocks: #US stock futures extended losses on #Wednesday after a sharp selloff in the last session.
#Bonds: The yield on the US 10-year rose above 4.86% on Wednesday.
More information here: https://t.co/OzVzL5cHJx
#Mining accounts for nearly 60% of SA exports – PwC
Equally sobering is the fact that #minerals accounted for R575 #billion, or 58% of total exports, in the first six months of 2023.
For more, read today's Afternoon Note here: https://t.co/OzVzL5cHJx
Have a look at the market close #DOW, the #SP500 and the #NASDAQ figures.📑
For more market-related updates, read today's complete Afternoon Note here: https://t.co/OzVzL5cHJx
The #local unit’s weakness is attributable to the rise in global yields, driving the #Dollar higher.
Read today's Afternoon Note: https://t.co/OzVzL5cHJx
#markethighlight#trade