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Events that moved the market Q2 2018

  • 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.
  • 17 Apr 2018
    Source: fin24
    IMF raises SA growth forecast
    The IMF raises its forecast for SA GDP growth in 2018 to 1.5% after cutting its prediction to 0.9% in January.
  • 18 Apr 2018
    Source: Statistics SA
    SA inflation drops further
    SA inflation slows to 3.8% year-on-year in March from 4.0% in February, the lowest figure since January 2011.
  • 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.
  • 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.
  • 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 first quarter of 2018, from 0.4% in the preceding quarter.
  • 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.
  • 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.
  • 10 May 2018
    Source: Statistics SA
    Mining output drops
    SA mining output contracts the most in two years, shrinking 8.4% from a year earlier. Platinum is down 6.1% and gold production down 18%.
  • oil
    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.
  • 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.
  • 23 May 2018
    Source: Statistics SA
    SA inflation at 4.5%
    SA's consumer inflation comes out at 4.5%, up from 3.8% in March, and driven higher by fuel prices and alcoholic beverages.
  • 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.
  • 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.
  • 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 line with the ECB’s goal and up from just 1.2% in April.
  • 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.
  • business
    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.
  • 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.
  • 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.
  • 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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