In today’s Weekly, we take a closer look at the SA economy that’s shown a distinct improvement in the past year or so.
The ECB announced today, as anticipated, that their QE program will finish at the end of the year. But markets weren’t quite expecting the anticipated delay in raising rates – which could be late in 2019.
The markets have switched back to risk-on, helping the Aussie dollar rise faster than any of the majors this morning.
As concerns over Italy subside, for now, President Trump has upped the ante against the EU, Mexico and Canada, with tariffs from midnight on steel and aluminium.