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It seems as if the Fifa technical report gave some much-needed mojo to local equity markets, or was it the weaker currency, says Nico Kelder, economist at the Efficient Group.
Concerns that the Chinese authorities may try to reduce domestic demand to slow down its overheating economy rattled global and domestic financial markets, reports the Nedcor Economic Unit.
Local and international markets closed slightly higher yesterday, reports Nico Kelder, economist at the Efficient Group.
Pausing for breath after recent gains, London equities came under pressure midweek, with mining stocks hit by concerns that Chinese demand will ease and consumer goods giant Unilever reported sluggish sales growth. Quentin Smith from OMAM reports.
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