Market Watcher: Dollar strength takes focus

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Nick Kunze of Sanlam Private Wealth discusses the day’s market moves, the Jackson Hole economic symposium kicking off, the gold price, interest rates, Shein suing Temu, and where to from here for the rest of 2024.
22 Aug 2024 1PM English South Africa Business · News

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Markets: R18bn traded on a slow day

Nick Kunze of Sanlam Private Wealth said R18 billion was traded in local markets on a relatively quiet day, with Brent crude rising to about $109, the Nasdaq Composite hitting record highs, and the rand steady at around R16.40. He added that the US Fed is expected to keep interest…
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