Market Watcher: Oil prices return to 16-week lows

Loading player...
David Shapiro of Otto1890 discusses weaker gold and oil prices, with crude falling below $75 a barrel for the first time in 16 weeks. He says lower oil prices should support consumers and consumer stocks on the JSE, and expects the SA Reserve Bank to keep interest rates unchanged.
24 Jun 1PM English South Africa Business · News

Other recent episodes

[FULL SHOW] African Bank stumbles, wheat reference price, and decent living wage

This evening, we unpack the day’s market movements with Sanlam Private Wealth, examine the role of leadership and turnaround strategy at African Bank, discuss the indicators used to determine a living wage with the Living Wage South African Network, explore why the wheat reference price has remained unchanged with Itac,…
25 Jun 1PM 54 min

Markets: All windows are sea-facing for local markets.

Nick Kunze of Sanlam Private Wealth highlights concerns over AI valuations and a stronger US dollar weighing on emerging market currencies. He notes strong returns in microprocessor stocks and US inflation at 4.1%, with the Fed maintaining a hawkish stance and potential rate hikes ahead. He also discusses JSE performance,…
25 Jun 1PM 8 min