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.
Oil nears $100 as AI investment scrutiny pressures technology shares, reshaping inflation, interest-rate expectations and global market direction.
Cooling US inflation, rising oil and geopolitical risk shape global markets, policy expectations, AI valuations and South Africa’s near-term rate outlook.
June was an uneven month for markets.
Markets weigh renewed geopolitical risk, resilient economic data and shifting interest-rate expectations.
Policy uncertainty, weaker European data and safe-haven demand shaped global markets, while South Africa’s fiscal outlook showed improvement.