STANLIB Weekly Focus

Weekly Focus

STANLIB keeps you in touch with the latest investment news:

  • Market, economic and investment commentary.
  • Unit trust performance updated every week.

Weekly Focus (11/02/2019)
Weekly Performance Update (11/07/2019)

Economic Weekly

  • SA manufacturing declined more than expected in May, but the low base in 2018 helped the annual growth rate remain positive. At this stage Q2 2019 should reflect an improvement compared with the weak Q1 2019 performance.
  • SA mining production continued its downward trend in May, hurt by another large decline in gold production. Activity in the mining sector is expected to remain weak throughout 2019 due to slowing global growth.
  • Chinese consumer inflation was unchanged at 2.7% y/y in June, while core inflation remains on a downward trend at 1.6% y/y, signalling weakening Chinese domestic demand.
  • US consumer inflation eased further to 1.6%y/y in June 2019, largely as a result of the lower oil price. In contrast, core inflation rose more than expected to 2.1%y/y. We still expect the Fed to cut rates at the end of July.
  • Please follow our regular economic updates on twitter @lingskevin