Financial Markets
This weekly report offers in-depth analysis of key movements in bond markets, currency trends, and overall financial sentiment, providing a comprehensive view of the latest global and domestic economic developments. By highlighting emerging trends and significant shifts, it equips readers with insights into the factors driving market behaviour. The report explores the dynamics of interest rates, capital flows, and investor sentiment, helping stakeholders anticipate changes and adjust their strategies. Ideal for decision-makers in finance and investment, it is a valuable resource for staying informed and adapting to the evolving financial landscape.
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SARB focuses on inflation beyond fuel
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South Africa has now received positive outlook revisions from both Moody’s and S&P within the...
Markets price for peace (again)
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At home, the SARB faces a more immediate decision. Inflation reached 4.0% in April, and...
Bond markets begin pricing the inflation reality
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Bond markets are starting to grapple with the inflation reality that has been building since...
Iran war is still in a holding pattern
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Despite the clear inflation risk coming from oil, most major central banks chose to leave...
Markets still see a near-term end to the Iran war
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Fuel under-recoveries have built through April, and current projections point to another increase of around...
Iran war ceasefire expiry looms
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Global institutions are beginning to reflect the expected slowdown in economic growth resulting from the...
Ceasefire optimism gives way to reality
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Against this negative international news flow, South Africa has at least largely managed to stay...
Tuesday’s deadline may (but likely won’t) be a pivot point in Iran war
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As a reminder, President Trump has repeatedly deferred his ultimatums. The first 48-hour ultimatum to...
Markets look past President Trump’s attempts to placate
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It is worth keeping the recent February Budget growth numbers in mind: 1.4% for 2025...
Markets start to price in war escalation
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Gold is failing to provide its usual support amid heightened uncertainty and risk. It’s currently...