Events that moved the market Q2 2019
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2 Apr 2019
Source: TreasuryONE
Moody’s
Moody's releases a statement, saying that SA's economic situation is in line with other Baa3 countries. Should growth stagnate and SOEs not be turned around, SA will be downgraded.
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9 Apr 2019
Source: Bloomberg News
IMF revises global growth down
The IMF cuts its outlook for global growth to the lowest since the financial crisis, forecasting that the world economy will grow 3.3 forecast in January.
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11 Apr 2019
Source: Bloomberg News
Brexit trick or treat
The blueprint after six hours of talks in Brussels allows the UK to stay in the bloc until 31 October 2019.
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17 Apr 2019
Source: Statistics SA
CPI at 4.5%
CPI increases to 4.5 in February, mainly due to the increase in fuel prices.
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26 Apr 2019
Source: Bloomberg News
US marches on
US GDP expands at a 3.2.
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26 Apr 2019
Source: Financial Times
Japanese industries wane
Japanese industrial production falls at its fastest pace in almost four years, while retail sales pick up the pace.
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3 May 2019
Source: Bloomberg News
US unemployment at 49-year low
US hiring tops forecasts in April as the jobless rate dips to a fresh 49-year low and wage gains are slightly cooler than projected, suggesting the still-healthy labour market can continue to support growth without fueling inflation.
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6 May 2019
Source: Bloomberg
Another round of trade wars
Global equities tumble and Treasury futures climb after President Trump again threatens to increase tariffs on Chinese imports. The yuan slumps alongside crude oil.
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7 May 2019
Source: Reuters
Istanbul set for re-elections
Turkey’s lira falls 1.3% after the Turkish election board announces Istanbul’s mayoral elections will be re-run. The election result showed a narrow victory for the opposition party.
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11 May 2019
Source: news24.com
ANC continues to lead
The IEC declares the 2019 SA elections free and fair and the rand strengthens on the outcome: The ANC gains the national victory with a 57.51% majority vote. It also takes all provinces, except the Western Cape, where the DA stays in control.
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14 May 2019
Source: Quarterly Labour Force Survey
SA joblessness at 27.6%
SA's unemployment rate increases to 27.6% in the first quarter of 2019.
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17 May 2019
Source: NY Magazine
Start of the cell wars
The Trump administration blacklists Huawei, accusing the company of aiding Beijing in espionage.
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23 May 2019
Source: TreasuryONE
SA repo rate remains 6.75%
The SA Reserve Bank keeps interest rates unchanged at 6.75.
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4 Jun 2019
Source: Statistics SA
SA growth negative
SA's economy shrinks by 3.2% in the first quarter of 2019, the biggest contraction in a decade. Some of the reasons are weak consumer demand, load shedding and recurring falls in mining production.
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10 Jun 2019
Source: Business Insider
Tongaat Hulett listing suspended
Tongaat asks that its listings be suspended because of accounting irregularities. More than 5 000 employees receive retrenchment notices.
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18 Jun 2019
Source: fin24
Steinhoff loss stands at nearly R20bn
Steinhoff posts a loss of €1.19bn (more than R19 billion) for the year ended September 2018.
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18 Jun 2019
Source: The Guardian
Facebook launches Libra
Facebook announces a digital currency, Libra, that will allow its users to make financial transactions across the globe. US lawmakers raise privacy concerns.
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19 Jun 2019
Source: Statistics SA
Inflation hits bulls eye
Annual consumer inflation is 4.5 recorded for April. The inflation rate has remained below the 6.
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24 Jun 2019
Source: Euronews
US ups the ante against Iran
Trump signs an executive order for additional sanctions against Iran's Supreme Leader Ayatollah Ali Khamenei, Foreign minister Javad Zarif, and eight Revolutionary Guard commanders.
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24 Jun 2019
Source: Business Day
MultiChoice cuts 2000 jobs
MultiChoice, formerly part of Naspers, announces that up to 2194 employees may lose their jobs in a restructuring of its customer service model.
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29 Jun 2019
Source: BBC
US, China resume trade talks
US President Donald Trump and China's President Xi Jinping reach an agreement at the G20 summit in Japan to continue trade talks.
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