MNI BRIEF: Canadian Firms' Price Plans Lowest In 3 Yrs- CFIB

MNI China Daily Summary: Thursday, June 27

MNI BRIEF: China EU In Close Communication - MOFCOM

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

EC Expected Employment Continues To Gradually Soften

Core Durables Remain Soft, Reinforcing Subdued Goods Production Outlook

Canada April Payroll Wage Growth Slows To 3.7%, Employment -0.1%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

SOUTH AFRICA: May CPI Figures to Cross Shortly, Ramaphosa to be Sworn in as Pres

SOUTH AFRICA
BulletEM BulletEmerging Market News
  • CPI figures for May will cross at 09:00BST/10:00SAST. As per the median estimate of the Bloomberg survey of analysts, headline inflation will likely remain steady at +5.2% Y/Y, rising +0.2% M/M (compared to +0.3% in April). Core inflation is seen moderating marginally from +4.6% Y/Y to +4.5%.
  • Cyril Ramaphosa will be sworn in for another term as South Africa’s president today, with proceedings due to start at 09:00BST/10:00SAST. Senior leaders of Ramaphosa’s ANC met on Monday to prepare for formal talks on how key posts will be shared in the next administration. While five parties have signed up for the government of national unity, the bulk of posts will go to officials from the ANC and the DA, Bloomberg report.
  • USDZAR has started the session on the back foot again, breaking below 18.0290, the May 21 low, to trade at its lowest level in almost 10 months. The pair has now recorded an impressive 5.6% pullback off the early-June highs, and targets support at 17.9434, a retracement level, next. Positive sentiment is reflected in South African equities, with the JALSH index over 1.5% in the green today.
185 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • CPI figures for May will cross at 09:00BST/10:00SAST. As per the median estimate of the Bloomberg survey of analysts, headline inflation will likely remain steady at +5.2% Y/Y, rising +0.2% M/M (compared to +0.3% in April). Core inflation is seen moderating marginally from +4.6% Y/Y to +4.5%.
  • Cyril Ramaphosa will be sworn in for another term as South Africa’s president today, with proceedings due to start at 09:00BST/10:00SAST. Senior leaders of Ramaphosa’s ANC met on Monday to prepare for formal talks on how key posts will be shared in the next administration. While five parties have signed up for the government of national unity, the bulk of posts will go to officials from the ANC and the DA, Bloomberg report.
  • USDZAR has started the session on the back foot again, breaking below 18.0290, the May 21 low, to trade at its lowest level in almost 10 months. The pair has now recorded an impressive 5.6% pullback off the early-June highs, and targets support at 17.9434, a retracement level, next. Positive sentiment is reflected in South African equities, with the JALSH index over 1.5% in the green today.