Events that moved the market Q2 2018
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3 Apr 2018
Source: Eyewitness News
Trump ups the trade tariff stakes
The Trump administration announces 25% tariffs on some 1 300 industrial technology, transport and medical products, a move that will hit exporters and emerging markets in particular.
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17 Apr 2018
Source: fin24
IMF raises SA growth forecast
The IMF raises its forecast for SA GDP growth in 2018 to 1.5 in January.
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18 Apr 2018
Source: Statistics SA
SA inflation drops further
SA inflation slows to 3.8 in February, the lowest figure since January 2011.
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25 Apr 2018
Source: FNB/Bureau of Economic Research (BER) Consumer Confidence Index
SA consumer confidence peaks
The BER Consumer Confidence Index (CCI) rises to a record high of +26 index points.
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27 Apr 2018
Source: AFP
Korean breakthrough
Asian markets advance in reaction to the historic meeting of the leaders of North and South Korea as they agree to pursue permanent peace and complete denuclearisation.
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27 Apr 2018
Source: AFP
Pound weakens along with UK GDP
The pound plunges as Britain's GDP grows by just 0.1 in the preceding quarter.
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2 May 2018
Source: Reuters
US keeps rates steady
The Fed holds interest rates steady and indicates that, with inflation near its 2% target, it’s on track to raise borrowing costs in June.
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4 May 2018
Source: CNN Money
Argentina hikes rates to 40%
Argentina hikes interest rates to 40% and reach for a controversial bailout by the IMF in the light of its widening trade deficit.
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10 May 2018
Source: Statistics SA
Mining output drops
SA mining output contracts the most in two years, shrinking 8.4 and gold production down 18%.
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18 May 2018
Source: Bloomberg
Oil above $80/barrel
Brent futures top $80 a barrel for the first time since 2014 on renewed US sanctions against Iran and shrinking supplies from Venezuela.
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20 May 2018
Source: Fox News
US and China cease trade fire
The US Treasury Secretary and China's Vice Premier Liu He reach a consensus to stop increasing tariffs on each other’s exports.
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23 May 2018
Source: Statistics SA
SA inflation at 4.5%
SA's consumer inflation comes out at 4.5 in March, and driven higher by fuel prices and alcoholic beverages.
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23 May 2018
Source: CNBC
Turkish lira hits record low
The Turkish lira tumbles on growing investor alarm over the direction of monetary policy under President Tayyip Erdogan.
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28 May 2018
Source: AFP
Hope for Italy and Eurozone
Milanese stocks jump on the appointment of Carlo Cottarelli, an economist formerly with the IMF, to form a technocrat government.
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31 May 2018
Source: Bloomberg
Eurozone inflation picks up
Eurozone inflation hits the fastest pace in more than a year, rising to 1.9 in April.
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5 Jun 2018
Source: Statistics SA
SA economy shrinks
SA’s real GDP falls by 2.2% in the first quarter of 2018, the largest quarter-on-quarter decline since the first quarter of 2009. Mining is the biggest cause of the drop.
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6 Jun 2018
Source: SA Chamber of Commerce and Industry
Business confidence dips
Business confidence in South Africa dips slightly in May, due to inflation caused by the recent VAT hike and lower merchandise import and export volumes.
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13 Jun 2018
Source: New York Times
Fed hikes interest rates
The Federal Reserve raises its benchmark interest rate to a range between 1.75 percent and 2 percent.
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21 Jun 2018
Source: Business Day
NHI Bill gazetted
The National Health Insurance (NHI) Bill is published in the Government Gazette, paving the way for government’s ambitions to introduce universal healthcare to all South Africans.
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21 Jun 2018
Source: Global X
Not only tears for Argentina
The MSCI announces that the MSCI Argentina Index will be reclassified to Emerging Market status in 2019 from Frontier Market status.
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