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March 15, 2018

WM Market Update – February 2018

Global: Wage inflation the culprit? The US equity markets suffered a sharp decline early in February, driven initially by wage inflation data which suggested that the Federal Reserve would be inclined to increase interest rates at a faster rate than was initially expected. This concern was further heightened by newly elected Federal Reserve Chairman Jerome Powell suggesting to the US Congress that there was scope to raise interest rates four times this year. Read the full article Domestic: A change to the old guard. Politics, the Budget and the downturn in global equity markets took centre stage during February. Cyril Ramaphosa was sworn in as the new president of South Africa following the resignation of Jacob Zuma. The budget speech held no great surprises given the current state of the economy, the main feature being a rise of 1% in...
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EB Market Update – February 2018

Global: Wage inflation the culprit? The US equity markets suffered a sharp decline early in February, driven initially by wage inflation data which suggested that the Federal Reserve would be inclined to increase interest rates at a faster rate than was initially expected. This concern was further heightened by newly elected Federal Reserve Chairman Jerome Powell suggesting to the US Congress that there was scope to raise interest rates four times this year. Read the full article Domestic: A change to the old guard. Politics, the Budget and the downturn in global equity markets took centre stage during February. Cyril Ramaphosa was sworn in as the new president of South Africa following the resignation of Jacob Zuma. The budget speech held no great surprises given the current state of the economy, the main feature being a rise of 1% in...
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