"South African equities opened on a subdued footing Thursday, with the JSE FTSE All Share Index hovering near the 100,000 level but lacking clear direction."
"June's headline CPI rose to 3.0% from 2.8% in May, returning to the SARB's 3-6% target range for the first time in three months."
"With domestic demand still weak, markets are increasingly pricing in a 25-basis point cut at next week's Monetary Policy Committee meeting."
"Potential exclusion from the African Growth and Opportunity Act (AGOA), alongside the threat of punitive tariffs and targeted sanctions, poses a significant risk to agricultural exporters and broader investor sentiment."
The JSE FTSE All Share Index began the day on a low note, struggling to maintain momentum near the 100,000 level. Narrow market breadth was evident, as 12 of 20 sectors experienced losses, particularly in electronic technology and non-energy minerals. Investors grappled with expectations surrounding upcoming monetary policy decisions and the release of slightly firmer inflation data. June's headline CPI rose to 3.0%, signaling a return to the SARB's target range. Anticipated interest rate cuts could support equity values. Additionally, potential trade issues arising from US legislation threaten agricultural exporters and overall market sentiment.
Read at London Business News | Londonlovesbusiness.com
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