An important landmark lawsuit that might very well prove the fact that Twitter is indeed a state actor, which could have some very serious implications, has been brought by Harmy Dillon and Ron Coleman in California, with all the evidence and receipts, to show that Twitter and the State of California conspired with the Democratic Party, to get Twitter to censor the people they don’t like politically, using “Election Integrity” as a false default reason.
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Landmark Case to Show How Twitter, California & Democrat Party Colluded to use “Election Integrity” as a Weapon to Censor Conservatives!
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Things are going slow and steady
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The rand is stable as markets wait for significant news/data to find new direction.
Risk appetite has returned, but with continuous geo-political tensions, fears over a trade war and future Fed hikes, the local unit will most likely continue to trade in its current range. In global news:
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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 $100bn in tariffs.
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Are there more good news on it’s way with SARB meeting today
Local markets shift focus to the SARB’s MPC meeting today which could confirm a possible interest rate cut.
Speculation is that Governor Lesetja Kganyago could cut the interest rate by 25bps. Following Moody’s decision………
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The Trade war heats up …Take cover!
The rand is stronger this morning as the US and China Trade war heats up.
“The Donald” announced plans to slap certain Chinese imports with a 25% tariff, which was met with “fire and fury”
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Resolute rand – The rand remains firm
The rand remains firm and opens the day below 11.80/$, 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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Trade war fears ease
The rand opens at 11.83/$ after emerging market currencies recovered overnight thanks to dollar weakness. The greenback weakened after Pres. Trump’s plans to impose tariffs on steel/aluminium imports took a big blow, with Democrats and Republicans being opposed to the idea (meaning the plan probably won’t become policy and a global trade war less likely)…
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Rand recovers as US Stocks whiplash
The rand broke below 12/$ overnight as US stocks clawed back more than half their losses seen Monday.
The Zuma saga continues as today’s ANC NEC meeting along with the State of the Nation Address was postponed in order to give more time for talks between Zuma and Ramaphosa (Indicating Zuma may have one foot out “the shower” door!).
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Rand slides on US inflation fears
The rand weakened overnight as a result of better than expect US Jobs numbers and wage growth released Friday, sparking fears of higher than expected US interest rate increases during 2018.
The US stock market lost 2.5% as investors cashed out to hold USD in anticipation of a Fed hike in March. The GBP/ZAR continues to flirt with the 17/£ level as a false break to 17.10/£ on Friday was given back on speculation over Zuma’s demise.
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The Season for Giving: Auctioning Off Ripple-Branded Patagonia Jackets for Charity
We’re auctioning off 16 Ripple-branded Patagonia jackets — 100 percent of the proceeds will go to GiveDirectly.
