The JSE opened marginally higher on Monday as the Group of Seven (G-7) meeting in Canada at the weekend failed to inspire markets. The rand was off last week’s weakest levels, but still hovering above R13 to the dollar. Market focus is on Wednesday’s rate decision by the US Federal Reserve, with an anticipated increase of 25 basis points priced in for now. President Donald Trump retracted the US’s support for the usual communiqué after the meeting, and resumed his attacks on Canadian Prime Minister Justin Trudeau, accusing him of being "dishonest and weak". Trudeau, together with other Western leaders, criticised the implementation of higher US tariffs on a number of countries, which Trump had justified on the basis that many countries had a trade surplus while the US was trading at a deficit. The spat continued over the course of the weekend with Trump tweeting, "Trudeau made false statements … and the fact [is] that Canada is charging massive tariffs to our US farmers, workers and...
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