JSE set for sharp declines on Monday as trade war escalates
US President Donald Trump’s attack on China President Xi Jinping is likely keep roiling markets, analyst says
26 August 2019 - 07:23
The JSE all-share index will probably fall on Monday morning after the trade war between the world’s two largest economies took a turn for the worse.
US President Donald Trump “had a complete hissy fit” on Friday, first in response to China’s retaliation against his decision to raise tariffs on Chinese imports, and then against Federal Reserve chair Jerome Powell’s hawkish approach to rate cuts, said Ray Attrill, head of foreign exchange strategy at National Australia Bank. ..
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