Market Watcher: Analysts must not get ahead of themselves
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David Shapiro of Otto1890 unpacks the nervousness in markets ahead of the upcoming US
interest rate announcement and earnings from Meta and Microsoft, rising oil prices continue
to pressure global markets, while locally the rand has weakened and equities slipped. He
warns that prolonged conflict could sustain high inflation and interest rates, and also shares
that UAE exit OPEC did not move the market but signals a shift towards greater economic
independence.
interest rate announcement and earnings from Meta and Microsoft, rising oil prices continue
to pressure global markets, while locally the rand has weakened and equities slipped. He
warns that prolonged conflict could sustain high inflation and interest rates, and also shares
that UAE exit OPEC did not move the market but signals a shift towards greater economic
independence.
