Market and economic wrap: The inflation tug-of-war: strong growth meets higher rates.

Strong economic growth continues to support global markets, but rising oil prices, persistent inflationary pressures and geopolitical tensions are complicating the outlook for investors. In this week’s episode, Tumisho Grater, Multi-Manager Investment Analyst at Nedgroup Investments, explores the delicate balancing act facing markets as resilient economic data clashes with growing expectations that interest rates remain higher for longer.

She unpacks the implications of the latest US employment data, the inflation outlook and why investors are paying close attention to upcoming central bank decisions. The episode also examines the impact of rising Treasury yields on equity markets, ongoing developments in the Middle East and their influence on global energy markets.

Closer to home, Tumisho discusses South Africa’s economic outlook ahead of key GDP and production data releases, the resilience of the rand, and how higher commodity prices are supporting parts of the local market, including the platinum group metals sector.