Tag Archives: oil prices

Global Market and Economic Updates

Economy Following the Fed’s dovish policy statement last week, investors will again tune in to Fed Chair Janet Yellen, as the market struggles to figure out the timing of the next rate hike. After a week of volatile moves in bonds, stocks and currencies, Yellen will discuss her own view on how Fed policy should evolve from here. Friday’s data […]

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Global Market and Economic updates

Economy European stocks are adding to the previous session’s gains, following mostly positive growth figures in the eurozone. Boosted by strong domestic demand and household spending, the German economy rose 0.7% in Q4 after expanding 0.1% in the previous three months, while data from France showed that GDP grew by 0.1% during the quarter, meeting analysts’ expectations. The eurozone economy […]

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Why the JSE Closed 1.08 percent in Positive Territory Yesterday

By Vivian Atud Johannesburg (Sunburst Africa) What: The JSE closed 1.08 percent in positive territory yesterday after trading in positive territory for most of the day. The total volume traded was 18.8 billion rands. Why: With improved oil prices, the JSE was pulled up by mostly resources shares. Top winners of the day included: Amplats (JSE Code: AMS) up 6.4 […]

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The MPC to keeps Repo Rate Unchanged at 5.75 percent

By Vivian Atud We should expect the South African Reserve Bank to keep the repo rate unchanged – at 5.75% due to the lower trajectory of headline inflation and continued weak state of the economy. This was also the case at the previous MPC meeting. Let me start by introducing my readers to the objectives of monetary policy in South […]

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Global Market and Economic Update

Economy The ruble has recovered slightly, trading at 67.79 per dollar, after ending Monday’s session over 6% lower at 68.79. The plunge followed yesterday’s move by S&P to downgrade Russia’s sovereign rating to junk due to weak economic growth prospects, low oil prices and Western sanctions. Russian share indexes opened lower this morning, although the ruble-based MICEX is now up […]

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Why the CPI for December 2014 Will Fall by More than 0.1% when Stats SA Publish Figures Today

By Vivian Atud Johannesburg– Sunburst Africa–What: The Consumer Price Index (CPI) tracks the rate of change in the prices of goods and services purchased by consumers. Statistics South Africa (Stats SA) will today release data on the headline CPI for December 2014. We should expect a more than 0.1 percent fall in this figure. The headline CPI (for all urban areas) […]

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Global Economic Updates

The European Central Bank is planning to design a sovereign debt purchase program based on the paid-in capital contributions made by euro zone central banks, reports CNBC, although nothing has been finalized yet. The report comes ahead of the ECB’s next meeting on Jan. 22, at which a full-blown quantitative easing program is expected to be announced to stimulate growth […]

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My Predictions for 2015 – Part 1

By Vivian Atud Summary In this first part of my two part predictions for 2015 I will take a look at where the global and domestic economy and markets are headed in 2015. South Africa has been through a roller coaster ride in 2014 and ended up growing just 1.4 percent below all expert forecast at the beginning of 2014. […]

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