Market Watcher: We’ve got to hold on tight
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David Shapiro of Otto1890 unpacks how US markets are outperforming global peers,
with concerns over rising oil prices weighing on UK, European, South African and
Asian markets. In South Africa, CPI is at 3.1% and inflation risks rising to 4%, which
could prompt interest rate hikes. Consumer and property stocks are weakening, and
European luxury stocks are under pressure. Lastly, Capitec results show a wonderful
success story.
with concerns over rising oil prices weighing on UK, European, South African and
Asian markets. In South Africa, CPI is at 3.1% and inflation risks rising to 4%, which
could prompt interest rate hikes. Consumer and property stocks are weakening, and
European luxury stocks are under pressure. Lastly, Capitec results show a wonderful
success story.
