A weaker dollar, stronger gold and volatile global yields reshape the outlook for African investors as currencies, inflation and oil risks diverge.
Softer inflation supported sentiment, while higher oil prices and mixed economic data kept markets cautious.
July’s Month in Review examines global market divergence, AI investment, rising bond yields, tariff pressures and South Africa’s evolving investment outlook.
Soft US jobs data lifts equities as rate fears ease, while gold gains, China supports growth and South African assets strengthen.
The Federal Reserve left its benchmark interest rate unchanged at 3.50%–3.75% for a fifth consecutive meeting, a decision widely expected by markets.
June was an uneven month for markets.
Global markets were volatile over the last week as attention shifted from oil relief to renewed pressure in technology and AI-linked shares.
May delivered another positive month for global equities,
April marked a sharp reversal from the risk-off environment of March,
US equities delivered solid gains last week, driven by another strong US earnings season.