Concerns that the Fed will have to wrestle with elevated inflation for a long time slowed this week’s rally
Given the prospect of a new governing coalition taking the reins in 2024, they should get to work on formulating a stance
The state-owned ports operator is seeks private investment to expand Durban and Ngqura port facilities
The ruling party gathering hit by litigation and a breach of security allegedly leading to the cloning of delegates’ tags
State-owned oil group reports income rose to $48.4bn in the second quarter from $25.5bn a year earlier
Consumer finances crumble under the pressure of rising prices and interest rates, Unisa vulnerability report shows
Group homes in on home deliveries trend and hopes to supply electricity to Eskom
It will be the first humanitarian food aid cargo bound for Africa since Russia’s invasion of Ukraine
Bucs need to come up with solution to their goal-scoring problem
Rushdie’s condition is not immediately known
The first half of 2022 will be one that investors will want to forget in a hurry. Not often bonds and equities sell off like we saw. The S&P gave back 16.45% and the Nasdaq 22.44%.
In Europe, the Eurostoxx 600 declined 15.5% with not a single sector closing in the green. The Nikkei was down 15%. Only the Shanghai Composite, down 1%, is a standout with the ALSI down 20% after a decent first quarter.
And the casualties of the dollar's surge? Let’s count them: the euro is fast heading towards parity even if it was holding above 20-year lows in Europe on Thursday morning. The yen has slumped to its lowest levels in more than 20 years, sterling is near its lowest since March 2020 and Russia’s rouble has slid 16% this week.
The rand heading for R17/$s
Michael Avery speaks to Chris Holdsworth, chief investment strategist at Investec Wealth and Investment.
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Published by Arena Holdings and distributed with the Financial Mail on the last Thursday of every month except December and January.