The JSE index rose nearly 1% to trade above 81,600 on Thursday, attempting to rebound from the previous day's losses, underpinned by the strength in resource-linked stocks (+2.4%). Meanwhile, global markets reacted to an unexpected rise in core consumer prices in the US, which dampened expectations of a larger interest rate cut by the Federal Reserve next week. Investors are now turning their attention to upcoming US economic data, including weekly jobless claims and producer price index figures, as they could influence the Fed's upcoming policy decisions. Locally, South African mining numbers will be released later in the day. In the meantime, the latest data showed inflation expectations for the year ahead dropped to 4.8% in Q3 from 5% in the previous quarter.
The main stock market index in South Africa (SAALL) increased 4964 points or 6.46% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. Historically, the South Africa Stock Market (SAALL) reached an all time high of 84800.50 in August of 2024. South Africa Stock Market (SAALL) - data, forecasts, historical chart - was last updated on September 12 of 2024.
The main stock market index in South Africa (SAALL) increased 4964 points or 6.46% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Africa. The South Africa Stock Market (SAALL) is expected to trade at 83088.24 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 81136.86 in 12 months time.