Market Watcher: No panic in the markets
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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.
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.
