21 min
Purple Group Thrives, gold flies (#583) JSE Direct with Simon Brown
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- Investing
UK and Local Inflation:
UK inflation surprises at 3.2%, lowest in over two years. US Fed unlikely to cut rates soon, waiting for FOMC meetings. South Africa's CPI data for March at 5.3%, showing a positive trend. Potential for SA rate cuts, depending on US decisions. [caption id="attachment_41866" align="aligncenter" width="849"] SA Inflation 5.3% for March 2024[/caption]
China and Commodities: China's GDP surpasses expectations at 5.3%, amid concerns over Fitch downgrade. Export data reflects overstocking, driving prices down. Despite challenges, China's market appears interesting. [caption id="attachment_41867" align="aligncenter" width="849"] Chinese GDP YearONYear per quarter[/caption]
PGMs, oil, gold, and other commodities. Gold remains strong, targeting $2500. Recent attack on Israel by Iran affects oil prices. WeBuyCars listing and potential market impact. Transaction Capital analysis and investor considerations.
Purple Capital* Results: Purple Capital swings back to profit, surprising the market. Key financial highlights and insights into EasyEquities performance. Exploration of new products and their impact on revenue. Analysis of client cohort growth and its implications. Positive outlook on Purple Capital's performance. Expectations of potential price pullback. Simon Brown
* I hold ungeared positions.
UK and Local Inflation:
UK inflation surprises at 3.2%, lowest in over two years. US Fed unlikely to cut rates soon, waiting for FOMC meetings. South Africa's CPI data for March at 5.3%, showing a positive trend. Potential for SA rate cuts, depending on US decisions. [caption id="attachment_41866" align="aligncenter" width="849"] SA Inflation 5.3% for March 2024[/caption]
China and Commodities: China's GDP surpasses expectations at 5.3%, amid concerns over Fitch downgrade. Export data reflects overstocking, driving prices down. Despite challenges, China's market appears interesting. [caption id="attachment_41867" align="aligncenter" width="849"] Chinese GDP YearONYear per quarter[/caption]
PGMs, oil, gold, and other commodities. Gold remains strong, targeting $2500. Recent attack on Israel by Iran affects oil prices. WeBuyCars listing and potential market impact. Transaction Capital analysis and investor considerations.
Purple Capital* Results: Purple Capital swings back to profit, surprising the market. Key financial highlights and insights into EasyEquities performance. Exploration of new products and their impact on revenue. Analysis of client cohort growth and its implications. Positive outlook on Purple Capital's performance. Expectations of potential price pullback. Simon Brown
* I hold ungeared positions.
21 min