Market Watcher: No panic in the markets

David Shapiro of Otto1890 unpacks the weaker rand and JSE losses, led by mining

counters amid falling commodity prices. He discusses today’s CPI print, the

downward GDP revision and the MPC’s 25-basis-point interest rate hike. Despite

higher Brent crude prices, Shapiro says markets remain stable and expects the rand

to hold above R16.40 to the US dollar. SAfm Market Update - Podcasts and live stream

The skinny

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