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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 rates unchanged, with the SA…
Kearabilwe Nonyana of PrimeXBT unpacked how US-Iran peace talks and the latest US inflation data weighed on market sentiment, triggering broad sell-offs in industrial and resource stocks. He noted that gold weakened alongside other risk assets, while Asia-Pacific markets continued to hit record highs despite inflation concerns. He also highlighted growing political uncertainty around Keir…