MARKET REVIEW | US-China Trade War Cools: Markets Await Impact
The US and China have hit pause on their trade war, slashing tariffs from sky-high 145% and 125% to a calmer 30% and 10% for 90 days. Is this a golden truce or just a shaky ceasefire? Markets are buzzing with optimism, but will it last? Meanwhile, global economies brace for US inflation data, expected to hover above 2%, keeping the Fed on edge with rate cuts in question. Closer to home, the South African Rand holds firm against major currencies, while the GNU gears up for a pivotal budget and S&P ratings review. From Zelensky-Putin talks to India-Pakistan détente, global diplomacy is reshaping markets. Tune in for the full scoop on what’s driving the financial world this week.