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David Shapiro of Otto1890 unpacks the weaker rand and JSE losses, led by mining counters amid falling commodity prices. He discusses today’s CPI print, the downward GDP revision and the MPC’s 25-basis-point interest rate hike. Despite higher Brent crude prices, Shapiro says markets remain stable and expects the rand to hold above R16.40 to the US dollar.
We haven't written up this one. Moneyweb has the full story — the link below goes straight to it.
Key PointsThe State Street SPDR S&P Dividend ETF could provide credible recession protection.
Multiple Republicans have broken with Trump in calling for an end to the Iran war.
The White House is preparing a plan to ban diesel exports for 90 days, Politico reported, citing unnamed sources.
The yield on five-year US Treasuries rose above 5% for the first time in almost two decades as strong US economic data pushed investors to prepare for a series of Federal Reserve interest-rate hikes…
Amazon Web Services will drive the future of the company.
