The instructions from Luthuli House would certainly urge that the ANC caucus in Parliament shows restraint on Mkhwebane, while the Union Buildings would certainly prefer her out of the office as soon as yesterday., writes Ralph Mathekga.
Morning clouds. Cool.
Tokyo stocks inched up in sluggish trade amid a lack of fresh market-moving events as most foreign markets were closed.
A minor tweak in the Bank of Japan’s bond purchases has emboldened investors to bet the central bank is about to wind back monetary stimulus.
The yen has declined and the dollar extended gains against major peers as the US Federal Reserve and the Bank of Japan announced diverging monetary policies.
The yen has strengthened as US Treasury yields held their declines and Japanese stocks slumped amid geopolitical tensions from North Korea to Qatar.
Geopolitical concerns loomed over some financial markets for a second day, as sabre-rattling over North Korea’s nuclear weapons program sent the yen and gold higher. Asian stocks staged a turnaround.
The yen has weakened as the Nikkei 225 Stock Average broke above 20 000 for the first time since 2015 following a record close in US equities.
The most oversold Group-of-10 currency since the US election is making a comeback.
The rout in global government debt has showed no sign of slowing as Treasuries headed for their longest slump in more than 40 years.
The yen will slump to ¥120/$ in six months as the Federal Reserve raises US interest rates but that’s about as weak as it will get, says an economist.
Tokyo stocks have opened lower with exporters hit as the yen jumped on US and European political uncertainty.
Asian markets turned south Thursday as investors took a breather after rallying this week on optimism over China-US trade talks and the Federal Reserve's softer tone on interest rates.
A minor tweak in a regular Bank of Japan bond-purchase operation was enough to send the yen climbing the most in almost a month, even though evidence weighs overwhelmingly against the adjustment signifying anything meaningful.
The yen’s underperformance relative to gold may indicate the currency is losing its haven appeal, with North Korea firing a missile over Japan and testing nuclear weapons just across the sea.
The yen has risen for a second day as a missile test by North Korea prompted responses from the US and its allies, fuelling demand for safer assets.
Central banks may be a substantial part of the reason why the dollar has come crashing down so rapidly this year, and for the surprising rallies in the yen and the Aussie.
Marine Le Pen may be about to undo the Donald Trump effect, at least when it comes to the yen.
The yen has weakened for the first time in nine days while stocks were mixed before a key US vote on health care.
Escalating geopolitical tensions have sparked a rise in the yen, while most Asian equities advanced as investors assessed statements from China’s National People’s Congress.
Rumors about the demise of reflation trades look to have been at least a little exaggerated.
The yen has retreated after the biggest jump since July and emerging-market stocks rose as investors assessed the impact from Donald Trump’s efforts to rework US trade pacts.
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