Markets positive despite geopolitical tensions

JOHANNESBURG – The increased geopolitical tensions between the US and Russia over Syria, as well as the increased Washington-Beijing trade war issues increased volatility on global financial markets.

Despite these tensions, as well as the hawkish tone of the published minutes of the last US Federal Reserve meeting, share markets mostly recovered last week.

The dollar strengthened further, especially against emerging market currencies.

Investors fled towards gold and the metal reached a year record level of $1353 (about R16235) an ounce during the middle of last week.

Given the Syria debacle, attempts by Opec to lower supply and reduce US oil …read more