Hey,
Brent crude just had its best week since July, up more than 8%.
The move came as renewed Middle East tensions rattled supply expectations, with markets pricing in real risk again after weeks of relative calm.
But oil's not the only thing under pressure.
Global bond yields spiked hard. UK government bonds (gilts) hit their highest level since 2008, the US 10-year Treasury note touched levels last seen in January 2025, and a hot August jobs report has traders pricing in a Fed hike, not a cut.
Bitcoin slipped back toward $78,000 as rate hike expectations grew, with bitcoin ETFs (exchange-traded funds) seeing their biggest single-day outflow since July.
Back home, economists expect Q2 GDP data (out tomorrow) to show SA's economy contracted, with unemployment already at 33.6% and the rand holding near R16 to the dollar.
Africa's fintech sector keeps growing regardless, with continental revenues projected to expand 13x by 2030 as digital payments adoption accelerates.
Different weeks, same lesson. When oil moves, everything downstream feels it, including your supplier invoices.
Reply if you want the full breakdown on any of these.
Until next week,
80eight Team
