Various by Fintechnews Africa 22 December 2023 Fintech News Africa would like to take this opportunity to wish all our readers a Merry Christmas and a very Happy New Year. We will be taking a break from the 22nd of December 2023 to the 2nd of January 2024. Until then, you can access some of … Read More “Year End Message to Our Readers – Offline From 22nd December to 2nd January” »
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Stocks fell across Asia, following US declines, as optimism over the prospect of Federal Reserve interest-rate cuts waned and investors trimmed holdings before year-end. The MSCI All Country World Index of shares headed for a second day of loses after it had powered ahead for the previous nine sessions. Both the S&P 500 and Nasdaq … Read More “Stock, bond rally takes a breather before year-end: Markets wrap” »
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The Federal Reserve’s dovish policy pivot is cornering even the most steadfast Wall Street bears into changing their tune on US equities. Morgan Stanley’s Mike Wilson, who’s been one of the biggest pessimists among sell-side strategists, said Monday that the central bank’s shift last week is “a bullish outcome” for stocks. Piper Sandler & Co’s … Read More “Fed’s pivot is forcing stock-market skeptics to become believers” »
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The dollar dropped to a four-month low Thursday as traders digested the clearest signal yet that the Federal Reserve’s aggressive hiking campaign is over. The Bloomberg Dollar Spot Index dropped as much as 0.3% to its lowest since August, extending losses from Wednesday after Fed officials penciled in a sharper pace of rate cuts than … Read More “Dollar drops to weakest since August as traders eye Fed pivot” »
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South African producer prices rose less than expected last month on slowing fuel inflation that’s expected to ease further in December. The annual rate declined to 4.6% in November — lower than all eight estimates by economists in a Bloomberg survey — from 5.8% in October, according to data published Thursday by Pretoria-based Statistics South … Read More “Factory inflation slows more than expected on fuel” »
by Company Announcement 8 December 2023 Fxview, a leading Forex and CFD industry player operating under the Finvasia Group financial conglomerate, shakes up the financial scene in South Africa with its innovative product suite. In a strategic initiative to expand its outreach in the African region, the multi-asset brokerage continues its pursuit of excellence in … Read More “Fxview Spearheads Innovation in South Africa” »
