Episode 583
Purple Group Thrives, gold flies (#583)
WorldWide Markets with Simon Brown · JustOneLap.com
April 17, 202421m 34s
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Show Notes
UK and Local Inflation:
- UK inflation surprises at 3.2%, lowest in over two years.
- US Fed unlikely to cut rates soon, waiting for FOMC meetings.
- South Africa's CPI data for March at 5.3%, showing a positive trend.
- Potential for SA rate cuts, depending on US decisions.
[caption id="attachment_41866" align="aligncenter" width="849"] SA Inflation 5.3% for March 2024[/caption]
China and Commodities:
- China's GDP surpasses expectations at 5.3%, amid concerns over Fitch downgrade.
- Export data reflects overstocking, driving prices down.
- Despite challenges, China's market appears interesting.
[caption id="attachment_41867" align="aligncenter" width="849"] Chinese GDP YearONYear per quarter[/caption]
PGMs, oil, gold, and other commodities.
- Gold remains strong, targeting $2500.
- Recent attack on Israel by Iran affects oil prices.
- Purple Capital swings back to profit, surprising the market.
- Key financial highlights and insights into EasyEquities performance.
- Exploration of new products and their impact on revenue.
- Analysis of client cohort growth and its implications.
- Positive outlook on Purple Capital's performance.
- Expectations of potential price pullback.