With US markets shut for a public holiday, non-US assets have received some respite from last week’s relentless pressure
London — Global shares edged up on Monday as a US holiday made for slow trading, ahead of minutes of the latest Federal Reserve meeting and a reading on core inflation that could add to the risk of interest rates heading higher for longer.
There were reports the White House planned new sanctions on Russia, while US secretary of state Antony Blinken on Saturday warned Beijing of consequences should it provide material support, including weapons, to Moscow. A roaring run higher in both stock and bond prices in the first six weeks of the year has come to a screeching halt, after a flurry of US data suggested the world’s largest economy is holding up far better than expected, which means interest rates will have to rise further and will take far longer to decline.
This marks a huge shift from expectations at the start of February for a peak below 5% by July and the first rate cut coming in just weeks later. They said the failure of the S&P 500 to break resistance at 4,200 could unleash a retreat to 3,800 by March 8. The dollar was trading a touch lower against a basket of major currencies, but was noticeably down against the likes of the so-called commodity currencies, such as the Australian dollar, which rose 0.4% and the Canadian dollar, which gained 0.1%.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boks begin preparations for World Cup defence with three-week camp in Cape TownBoks begin preparations for World Cup defence with three-week camp in Cape Town: The Springbok coaches and management have called up 14 players for a three-week physical and rugby development camp from Sunday until March 10 in Cape Town to start the 2023…
Read more »
Boks begin preparations for World Cup defence with three-week camp in Cape TownThe Springbok coaches and management have called up 14 players for a three-week physical and rugby development camp from Sunday until March 10 in Cape Town to start the 2023 season.
Read more »
South Africa has the most affordable capital city in the worldAn assessment of capital cities around the world shows that South Africa has one of the most affordable for property.
Read more »
Boks begin preparations for World Cup defence with three-week camp in Cape TownThe Springbok coaches and management have called up 14 players for a three-week physical and rugby development camp from Sunday until March 10 in Cape Town to start the 2023 season.
Read more »
England edge India despite Thakur's career-best haul at T20 World CupA career-best five-wicket performance by Indian opening bowler Renuka Thakur was not enough to stop England's march towards the semi-finals of the ...
Read more »
England keep winning record intact with World Cup win over IndiaEngland keep winning record intact with World Cup win over India: A disciplined bowling performance by England ensured they kept their winning record intact with an 11-run victory over India in their Women’s T20 World Cup group B clash in Gqeberha on…
Read more »