Market Watcher: All eyes on the US-China talks
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David Shapiro of Otto1890 unpacks the US inflation which raises fears of interest rate
hikes. However, equity markets are moving ahead strongly. Oil prices did end the day
lower and US-Iran peace talks are not moving market sentiments. S&P and Nasdaq
stocks are up particularly with the arrival of Trump in China. He explains the impact
of seeing the NVIDIA CEO at the Trump arrival may indicate collaboration in
technology. At home, he explains the recovery of property stocks on the JSE but
cautions that interest rates may provide challenges ahead. He shares retail stock
standouts: Boxer and TFG. Copper prices are at an all-time high. He explains the
expansion of the AI sector through BHP opening data centres.
David Shapiro – Chief global equity strategist, Otto1890
hikes. However, equity markets are moving ahead strongly. Oil prices did end the day
lower and US-Iran peace talks are not moving market sentiments. S&P and Nasdaq
stocks are up particularly with the arrival of Trump in China. He explains the impact
of seeing the NVIDIA CEO at the Trump arrival may indicate collaboration in
technology. At home, he explains the recovery of property stocks on the JSE but
cautions that interest rates may provide challenges ahead. He shares retail stock
standouts: Boxer and TFG. Copper prices are at an all-time high. He explains the
expansion of the AI sector through BHP opening data centres.
David Shapiro – Chief global equity strategist, Otto1890
