It’s all aboard the Trumplomacy bus, as President Trump offered China an olive branch yesterday, renewing hope that a ‘trade ‘war’ could be avoided……..
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Are things ‘back on the bus’ now with Trump?
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Is this the beginning of the end!
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Trump announces US withdrawal from the Iranian nuclear deal with plans to impose strict sanctions.
Uncertainty of global oil supplies grows as countries who continue business with Iran may be penalized and ………
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The rand strengthened overnight
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The rand strengthened overnight as the dollar weakened amidst peace talks between the North and South Korean leaders.
Risk-on sentiment prevailed as a nuclear-free Korean Peninsula looks likely in the near future (no doubt president Trump…….
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Trade wars between US and China continues
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US and China tensions continues to grab the headlines, despite disappointing US jobs data Friday.
The US created 103k jobs in March, a far cry from the expected 188k, with unemployment remaining at 4.1%. Emerging markets have recovered slightly, with the rand hugging 12/$. President Trump called China’s bluff over the weekend, threatening another $100bn in tariffs.
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Resolute rand – The rand remains firm
The rand remains firm and opens the day below 11.80/$, spurred on by pro-rand events which transpired yesterday.
SA’s January manufacturing output rose by 2.5%, supporting the expectation that the domestic economy is gaining momentum.
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