Documents

Last month, global equities rallied 3.4% with Emerging Markets outperforming.

The South African economy remained under pressure from persistent loadshedding during the second quarter of 2023.

Tighter financial conditions, slow growth and high policy uncertainty should weigh on valuations, profit margins and earnings.

Global equities experienced a 1% loss, while the US market gained 0.6%, outperforming non-US markets.

Global equities rose 1.8% over the month, with the US underperforming non-US markets.

The South African economy remained under severe pressure from persisting loadshedding during the first quarter of 2023.

Global equities rose 2.8% over the month, with the US outperforming non-US and emerging markets.

Global equities dropped by 2.3% during February, with European equity markets outperforming those in the US.

Tighter financial conditions, slow growth and high policy uncertainty should weigh on valuations, profit margins and earnings.

The South African medium-term budget during October received a positive reaction from markets. This was mainly due to expected strong revenue over runs along with fiscal discipline.

The last quarter of the year saw global equity markets fall in December, but still managed to end the quarter in positive territory.

Last month, global equities jumped 6.8%, with US equities underperforming ex-US equities.