The Grinch that stole Christmas…?

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The Grinch that stole Christmas…?

24.11.2015 06:16

South African retail sales data for September showed that momentum in the retail industry decelerated faster than expected and sales growth moderated from 4.0% the previous month to 2.7% from a year earlier. Although it will contribute positively to third quarter GDP, it is less than initially expected and is representative of a consumer market that is under strain. The...

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Preparing for the inevitable…Late on a Friday

16.11.2015 06:54

The US Fed’s case for lifting interest rates next month seems to have been cemented with last week’s strong employment numbers. Financial markets have assigned a 70% probability to lift-off next month, indicating that there is still some adjustment to be made if they indeed go ahead with such a move. But in the aftermath of last Friday’s payroll data,...

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U-turn…Late on a Friday

09.11.2015 06:02

The US Fed has seemingly made a U-turn in its monetary policy stance since it noted global concerns in its decision to keep interest rates unchanged at its September meeting. On Wednesday, Fed Chair Janet Yellen made a statement that a December interest rate hike could be appropriate. This resulted in the market assigning a higher probability to a December...

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#budget deficit must fall…– Late on a Friday

02.11.2015 06:22

The Chinese third quarter Gross Domestic Product (GDP) growth for 2015 was 6.9 percent. This came  in higher than the market consensus of 6.8 percent and significantly down from the astounding annual rate of  more than 9% per year between 1990 and 2010. The two-week-long rally in the rand seems to have been decisively broken. On Friday the 16th of ...

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