A look at factors affecting global and South African markets.
For the past four months, the Eurozone has experienced a gentle decline in inflation rates. However, analysts predict a slight uptick this month, which could influence the European Central Bank approach to interest rate cuts.
President Xi Jinping’s administration has been pushing for high-quality production, especially in sectors like electric vehicles and artificial intelligence. The official Purchasing Managers’ Index for May is expected to show a slight improvement to 50.5 from April’s 50.4.Despite these positive indicators, underlying issues such as a real estate slowdown and weak retail sales continue to challenge China’s economic recovery.
The Fed’s current stance suggests a cautious approach, waiting for more definitive signs of inflationary pressures easing before making further rate adjustments. Wage growth remains insufficient to boost consumer spending significantly, so the BoJ is expected to maintain its current rate policy.Closer to home, SA’s financial markets are buoyant. Investors are optimistic, expecting stocks, bonds, and the rand to perform well post-election, driven by high commodity prices boosting exports.
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