Market Forces
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2 Oct 2019anemptytextllineTrade tariffs, which came into took effect on September 1, set the tone for financial markets for the rest of the month. Nevertheless stock markets still managed to end the month in the black, brushing off geopolitical tensions and worsening economic statistics, which highlighted the adverse impact the trade war was having on global growth. -
4 Sep 2019anemptytextllineDeveloped country stock markets were notching up steady gains until the last day of the month when the US Federal Reserve upset markets by putting paid to market expectations that a 25-basis point rate cut may be the beginning of an aggressive rate-cutting cycle. Developed market stock markets still managed to gain ground for the month but emerging markets lost ground. -
19 Aug 2019anemptytextllineFinancial markets are in choppy waters, with conditions profoundly changing direction overnight on a Trump tweet or expectations for the world economy. Sanlam Select navigates these challenging conditions by following a dynamic approach that gives advisers access to next generation asset managers that offer additional sources of return. -
6 Aug 2019anemptytextllineDeveloped country stock markets were notching up steady gains until the last day of the month when the US Federal Reserve upset markets by putting paid to market expectations that a 25-basis point rate cut may be the beginning of an aggressive rate-cutting cycle. Developed market stock markets still managed to gain ground for the month but emerging markets fell into the red. -
7 Jul 2019anemptytextllineGlobal growth does seem to be slowing down. During the second quarter of 2019 the IMF lowered its forecast to only 3.3% for 2019. If this materialises, it will be the lowest growth rate since the Great Financial Crisis. In South Africa, data released showed that our economy shrunk by 3.2% in Q1, the biggest contraction in a decade. What else happened during the second quarter of 2019? -
5 Jul 2019anemptytextllineGlobal markets during 2019, and in fact 2018, have been hinging on President Trump’s tweets to find out whether to brace itself for an escalating trade war or a return to more tranquil times. At least the ban on Huawei accessing US technology has been suspended, easing relations with China and also bolstering China’s suppliers. Trump did not go so easy on Iran this month, though…
