Archive for Jul 2020

Carrick Wealth is ranked as the Top Wealth Manager for Wealthy Executives at 2020 Intellidex Awards

Carrick Wealth has done it again! This leading South African financial advisory and wealth management firm has again held its own against strong competition in the financial services industry in the annual Intellidex Top Private Banks & Wealth Managers survey. When the winners of the different categories in the annual survey were announced yesterday, Carrick…

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Week in Review: U.S.-China Trade Tensions Escalate

Escalating tensions between the U.S. and China weighed on global equity markets this week, with the S&P 500 Index briefly turning positive for 2020 before retreating. Tensions arose after the U.S. accused two Chinese hackers of targeting American companies working on virus research and stealing information. It also ordered the shutdown of China’s Houston consulate,…

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Week in Review: Chinese Second Quarter GDP Rebounds

China’s GDP grew a better-than-expected 3.2% in the second quarter of this year, reversing a historic 6.8% contraction in the first quarter. Economists polled by Reuters expected China’s gross domestic product to have grown at 2.5% in the April to June quarter. With many firms still operating below capacity some analysts questioned the official growth…

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Week in Review: Second-Half Outlook

Having crossed the halfway mark of 2020, the “rear-view mirror” will record the first six months of 2020 as one of the most fascinating and volatile periods for financial markets on record. With global equities having bottomed on the 23rd of March, the rebound witnessed in the 2nd quarter has been one of the sharpest…

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Week in Review: Global Economic Activity Shows Signs of Rebound

Equity markets continued to rise this week despite the World Health Organization recording its largest single-day increase of global coronavirus cases since the start of the pandemic on Saturday. Member states reported more than 212,000 newly confirmed cases of COVID-19 to the global body with most cases coming from the Americas, including the United States…

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For COVID-19 updates, visit the South African Government's official portal www.sacoronavirus.co.za