January 9, 2017

Global – Keynes thinking returns! Political events continued to dominate global investment markets during the month with the surprise of the Brexit referendum being completely overshadowed by the shock election of Donald Trump as US President. The result saw a complete divergence in bond/equity performance in the US markets while the Dollar surged against most currencies and had a particularly negative impact on emerging markets. This was evidenced by the MSCI World Equity Index gaining 1.25% over the month in Dollar terms, while the MSCI Emerging Market Index declined -4.60%. Read the full article Domestic – Ratings escape? The local market was dominated by the long awaited rating announcements by two of the internationally recognised rating agencies, Moody’s and Fitch. Moody’s elected to maintain SA’s rating at Baa2, while Fitch affirmed their rating at BBB- but changed their economic outlook... Read More

Global – Keynes thinking returns! Political events continued to dominate global investment markets during the month with the surprise of the Brexit referendum being completely overshadowed by the shock election of Donald Trump as US President. The result saw a complete divergence in bond/equity performance in the US markets while the Dollar surged against most currencies and had a particularly negative impact on emerging markets. This was evidenced by the MSCI World Equity Index gaining 1.25% over the month in Dollar terms, while the MSCI Emerging Market Index declined -4.60%. Read the full article Domestic – Ratings escape? The local market was dominated by the long awaited rating announcements by two of the internationally recognised rating agencies, Moody’s and Fitch. Moody’s elected to maintain SA’s rating at Baa2, while Fitch affirmed their rating at BBB- but changed their economic outlook... Read More