Market and economic wrap: Markets remain resilient, but oil, inflation and geopolitics are still setting the tone.

Markets have shown resilience in recent weeks, but investors continue to grapple with the implications of higher oil prices, persistent inflation pressures, and ongoing geopolitical uncertainty. In this week’s episode, Trevor Garvin, Head of Multi-Manager at Nedgroup Investments, unpacks the latest developments surrounding the US-Iran conflict and the Strait of Hormuz, and explores what they could mean for inflation, central bank policy, and global economic growth.

He also discusses the performance of global equity markets, the role of commodities such as oil and gold in shaping investor sentiment, and the latest developments in South Africa’s economy, including movements in the rand, local bonds and the inflation outlook following the SARB’s decision to hold interest rates steady.