Local CPI Key Takeaways: 1. Consumer inflation in South Africa increased in January 2024, driven by rising prices for food, housing, utilities, transport, and miscellaneous
Category: Resources
Weekly Market Outlook (24-28 July)
UPCOMING EVENTS: Monday: EZ-UK-US PMIs. Tuesday: US Consumer Confidence. Wednesday: Australia CPI, FOMC Policy Decision. Thursday: ECB Policy Decision, US Jobless Claims, US Q2 GDP.
XAU/USD bears pile in, threatening to crack the 50-DMA, eyeing $1830
Share: Gold price extended its losses in the session, down by 0.22{1ee39e3acc10434a15a890fd51cf667ef170c7688a3ed9fdd4a0306036aeb20d}. The University of Michigan’s Consumer Sentiment improved, while inflation expectations jumped
Events to Look Out for Next Week
Next week, all eyes will be on the inflation readings from US, UK and New Zealand, as the markets continue
Higher Yields Weigh on Stocks Ahead of US CPI
U.S. STOCK MARKET ANALYSIS & OUTLOOK Yields hurt growth stocks bringing down U.S. stock prices. Focus will be solely on U.S. CPI next week. Bull
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