The Budget presents a dilemma to the unions. Mboweni himself grappled with the conflicting demands, writes Mpumelelo Mkhabela.
European stocks and US equity futures dipped Monday while Asian markets posted modest gains as investors assessed a mixed bag of headlines on the economy and trade.
Stocks in Asia gained Friday, building on the recent rally in risk assets, amid optimism for progress in US-China trade talks.
US and Chinese officials are set to begin trade negotiations on Monday in the hope of reaching a deal during a 90-day truce between President Donald Trump and his counterpart Xi Jinping.
Wednesday’s plunge, which is the worst start to the year in three, has one culprit: China’s factory conditions slumped in December.
The local currency traded within a fairly tight band on Monday.
The rally in risk assets faded on Thursday, with Asian stock indexes trading mixed and the yen recovering, as concerns about rising US-China tensions offset signs of a better-than-expected start to the earnings season.
Apple's Tim Cook confirmed Wednesday that the latest iPhones, his flagship product, are not selling up to expectations.
Emerging-market stocks retreated as the arrest of Huawei’s chief financial officer and mixed messages from the Trump administration rekindled concern over a US-China trade war.
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