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Peregrine Wealth

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Global markets in perspective.

weekly wrap
September 22, 2023

TURKEY HIKES RATES BY 500 BASIS POINTS

The Central Bank of the Republic of Türkiye has taken a significant step in addressing its economic challenges by raising its key interest rate by five percentage points to 30%. This move, the second consecutive month of aggressive tightening, is noteworthy because it signifies a shift in Turkish President Recep Tayyip Erdogan’s stance on monetary […]
weekly wrap
September 15, 2023

US ECONOMY REMAINS RESILIENT

The United States (US) Federal Reserve (Fed) started its rate hiking cycle in March 2022 and, having raised rates by a total of 525 basis points since then, went from an interest rate range of zero to 0.25% to a range of 5.25% to 5.50% by July 2023.
weekly wrap
September 8, 2023

WORLD POWERS MEET IN TURBULENT TIMES

Tomorrow marks the start of the first G20 summit since Russia began its war of aggression against Ukraine and the first fully fledged physical leaders’ meeting since the COVID-19 pandemic began. The meeting comes at a time when geopolitical tensions are running high, and the global economic environment faces numerous challenges. Navigating a rocky path […]
weekly wrap
September 1, 2023

VIETNAM MAKES ITS MARK ON WALL STREET

VinFast is a Vietnamese success story. It is the Southeast Asian country’s first car brand to expand into global markets. For a brief period, following its mid-August listing on the Nasdaq, VinFast was the third most valuable car maker in the world.
weekly wrap
August 25, 2023

BRICS EXPANDS ITS MEMBERSHIP

Saudi Arabia and Iran are among six countries invited to join BRICS (Brazil, Russia, India, China and South Africa) as new members next year, South African President Cyril Ramaphosa announced on the final day of the BRICS Summit.
weekly wrap
August 18, 2023

SHADOW BANK LIQUIDITY COMES TO LIGHT

This week saw large cracks starting to emerge in China’s shadow banking industry, making it the most recent victim of the country’s prolonged real estate sector reset.
weekly wrap
August 11, 2023

DEFLATION DIMS CHINA’S RECOVERY

China’s artificially constrained economic performance in 2022 should have set the stage for an easy economic win in 2023.
weekly wrap
August 4, 2023

BIDEN ADMINISTRATION BLASTS RATINGS AGENCY

Amid concerns over the mounting deficit in the United States (US), Fitch Ratings agency made the unexpected move of downgrading the US’ debt rating from AAA to AA+.
weekly wrap
July 28, 2023

CENTRAL BANKS CONTINUE TO HIKE RATES

On Wednesday, the United States (US) Federal Reserve (Fed) raised the target range for the federal funds rate by 25 basis points. The move was aligned with market expectations and has brought US borrowing costs to their highest level since January 2001.
weekly wrap
July 21, 2023

PUTIN TO STAY AT HOME

The summit between Brazil, Russia, India, China and South Africa (BRICS), to be hosted in South Africa this year, has received a lot of unwanted attention, as controversy has raged around Putin’s visit and whether he would be arrested by South Africa, if he did.
weekly wrap
July 14, 2023

MARKETS DANCE TO THE TUNE OF ECONOMIC DATA

Just two weeks ago, we heard hawkish commentary from the US Fed officials at the European Central Bank (ECB) banking forum following robust US GDP data, which topped market expectations.
weekly wrap
July 7, 2023

NO SUCH THING AS CHEAP CHIPS

We are all familiar with the phrase “cheap as chips”, however recently food inflation has ensured that not even chips are all that affordable anymore as global potato prices have gained a staggering 56.67% year-on-year.