All eyes on US-China talks

David Shapiro of Otto1890 unpacks US inflation data, which has raised fears of interest rate hikes. Oil prices ended lower, while US-Iran talks have had little market impact. S&P and Nasdaq gains boosted by Trump’s arrival in China, with Nvidia’s CEO presence hinting at potential tech collaboration. Locally, he notes a recovery in JSE property stocks but warns that interest rates remain a risk. Copper is at record highs, while AI expansion continues, including BHP’s move into data centres.

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