The JSE jumps in June, despite trade-war talk
June once again saw volatile trade around the globe amid continued fears about a possible trade war between the US and China as well as its other major trading partners in Europe and North America. Last week, China vowed to match any further tariffs that might be raised by the US, while Europe warned of a possible global recession if the US continues down its current path. Markets saw a flight to safety in the US, whilst emerging markets (EMs), including South Africa (SA), remained under pressure for most of the month. Overall, the majority of major global markets closed lower MoM as the trade policy of US President Donald Trump took its toll on confidence levels around the world.
Article Credit: Anchor Capital