While the rhetoric around prescribed assets subsided a few years ago due to the workers’ unions realising that their members would be among those most prejudiced should the policy be implemented, there have been some queries as to what lengths the South African government may go to in order to fund their budget deficit and…
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Markets look set to end 2023 on a high note, with the Federal Reserve giving its strongest signal to date that the end of the current interest rate tightening cycle is now in sight. Practically every asset class—including equities and corporate bonds—surged yesterday after the Fed indicated that it is projecting more aggressive interest rate…
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India’s stock market topped a total valuation of $4 trillion for the first time on Tuesday this week—on the same day that Moody’s downgraded the outlook for China’s sovereign credit rating. Data released this week also shows that institutional investors have pulled out over $31 billion in stocks and bonds from the Chinese financial system…
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Global inflation has been the major theme of the post-COVID-19 years, stoked by supply chain disruptions, high energy prices, and robust consumer spending. Some corporations have been able to bolster margins over the past three years, thanks to consumers building up their cash reserves during the times of lockdown and government stimulus. But, as inflation…
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The presidential election in Argentina and the general election in the Netherlands this week both delivered unexpected results that caution investors to expect a volatile ride next year. In Argentina, libertarian candidate, Javier Milei, caused a major upset by securing 56% of the vote to win his country’s presidency. He rode into power on a…
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