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March 1, 2015

EB Market Update – February 2015

Global – Interest rates, the million Dollar question After a disappointing end to the previous month the S&P 500 reversed the trend snapping back 5.7% in February reflecting the growing hopes of a sustained long term U.S. economic recovery. Retail sales and durable goods orders have declined in recent months and the Conference Board’s consumer confidence index retreated from a seven and a half year high but neither of these factors had any major impact on the market. Instead investors concentrated on rising real wage growth numbers and consistently high growth in employment numbers. Read the full article Domestic – You win some, you lose some Finance Minister Nhlanhla Nene’s 2015 budget was much as expected save for the increase in fuel levies which was only made possible by the recent sharp decline in the oil price. Undoubtedly mindful of the country’s fiscal slippage and the ever looming threat of a possible sovereign debt credit rating...
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