No panic in the markets
David Shapiro of Otto1890 unpacks the weaker rand and JSE losses, led by mining counters amid falling commodity prices.
He discusses today’s CPI print, the downward GDP revision and the MPC’s 25-basis-point interest rate hike.
Despite higher Brent crude prices, Shapiro says markets remain stable and expects the rand to hold above R16.40 to the US dollar.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.moneyweb.co.za — the content belongs to Moneyweb.
