Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
The all share experienced its worst monthly decline since late October 2020, falling more than 4%, driven by losses in precious metals, industrial metals and resources, which plunged 15.9%, 14.2% and 12.48%, respectively.
It seems the market is much more worried about inflation overshooting than debt ceilings or withdrawn stimulus. The MSCI All World Index shed 4.13%, the S&P 500 fell 4.65% ( and the Nasdaq plunged5.31%, with all these indices at their worst since March 2020.
Commodities rolled over, and really all of this is mostly thanks to China. Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
COVID-19 BUSINESS WATCH
WATCH: Animal spirits
Michael Avery speaks to Chris Holdsworth
That was one forgettable September.
The all share experienced its worst monthly decline since late October 2020, falling more than 4%, driven by losses in precious metals, industrial metals and resources, which plunged 15.9%, 14.2% and 12.48%, respectively.
It seems the market is much more worried about inflation overshooting than debt ceilings or withdrawn stimulus. The MSCI All World Index shed 4.13%, the S&P 500 fell 4.65% ( and the Nasdaq plunged5.31%, with all these indices at their worst since March 2020.
Commodities rolled over, and really all of this is mostly thanks to China. Let’s find out what the animal spirits are telling us with Chris Holdsworth, chief investment strategist at Investec Wealth and Investment.
Oil prices fall ahead of Opec meeting
World stocks weaken on inflation, supply and Evergrande concerns
JSE slips marginally as global risks persist
Oil prices fall ahead of Opec meeting
World stocks weaken on inflation, supply and Evergrande concerns
JSE slips marginally as global risks persist
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Most Read
Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.