Posts Tagged ‘market indices’

Week in Review: Minister Mboweni Delivers a Grim Assessment of SA’s Finances

On Wednesday, South African Finance Minister Tito Mboweni delivered a grim assessment of the nation’s finances in a special Supplementary Budget Review (SBR) that forecasts a deep South African recession and plunging tax revenues as a result of the Covid-19 outbreak and subsequent lockdown measures. Gross domestic product (GDP) is forecast to shrink by 7.2%…

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Week in Review: Markets Shrug Off Weak Data

Major indexes were mostly stronger this week, as investors weighed record downturns in economic data against hopes that progress in containing the coronavirus pandemic may soon result in the partial reopening of economies. Investors cheered early indications that coronavirus infection rates may be peaking in Europe and the U.S. along with announcements that governments are…

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