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Potluck win for the South African fiscus

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Markets in a Nutshell - September 2024

Foreword | Issue 71 | 3rd Quarter 2024

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MARKETS IN A NUTSHELL — FOR SEPTEMBER 2024

All asset classes jumped in September after the US Federal Reserve commenced its rate-cutting cycle more aggressively than expected. Emerging markets and commodities rallied strongly when the Chinese government announced meaningful stimulus, but oil fell despite the dramatic escalation of tensions in the Middle East.

MARKETS IN A NUTSHELL — FOR SEPTEMBER 2024

In our monthly podcast, ‘Markets in a nutshell’, breaks down the dynamic global markets of September 2024, with Chinese stocks taking the spotlight. Linda explains these game-changing developments, including the People's Bank's move to boost liquidity and support equity markets, and the Fed's long-awaited interest rate cuts in the US. From China's fiscal stimulus to the broader impact on global equities and resources, Linda highlights what this means for investors, especially in South Africa.

What's Shaping Global Economies And Markets?

With a wealth of experience gathered over 50 years, veteran investor Dave Foord reflects on the milestone shifts in the investment landscape and provides valuable insight on the forces shaping economies and markets today. This is a must listen conversation with Dave Foord and Linda Eedes.

Understanding The Yen Carry Trade And How It Caused Such A Market Fuss

In finance, complex events often get simplified into catchy explanations. Recently, the ‘unwinding of the yen carry trade’ was widely cited as a key catalyst for the turmoil that shook global stock and bond markets in early August. What is the yen carry trade, why was it unwinding, and how did that cause an impact on global markets?

Markets In A Nutshell — For August 2024

August started poorly for global equity markets. In the US, disappointing manufacturing data, weaker new jobs numbers and the unemployment rate rising to 4.3% sparked fears of a recession. Meanwhile, the Bank of Japan’s decision to raise rates by 25 basis points caused a swift unwinding of yen carry trades. The yen’s rapid appreciation triggered the biggest selloff in Japanese stocks since Black Monday in 1987. Wall Street followed as nervous investors took profits, leading to broader selloffs across global markets.