In the first Weekly Market Review of 2025, ETM Analytics and TreasuryONE dive into the global market trends shaping the year ahead. Joined by TreasuryONE’s currency strategist André Cilliers, the discussion covers:
👉 US Economy: Robust job market data and persistent inflation near 2.9% signal a shift in interest rate expectations. The Federal Reserve may hold rates higher for longer, reshaping economic forecasts.
👉 Trump’s Inauguration: As President-Elect Donald Trump prepares to take office on 28 January, markets speculate on the impact of his proposed tariffs and economic policies.
👉 Rand’s Woes: The South African Rand, once a top-performing emerging market currency, has had a challenging start to the year. Global capital shifts toward the US dollar have pressured emerging markets across the board.
👉 Oil Prices and Inflation: Rising oil prices and geopolitical tensions could disrupt South Africa’s inflation outlook, complicating plans for further interest rate cuts by the Reserve Bank.
2025 begins on a volatile note, with market participants bracing for significant developments. Watch the full video for insights on navigating these uncertainties and preparing for what promises to be an eventful year.