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Daily Dose

12 January 2018

Good morning,  


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On The Wires,

UK air force scrambles 2 fighters to intercept Russian jets…Kashmir border violence kills nine…Double suicide bombing in Baghdad kills at least 38 people…Two Koreas in fresh talks on Winter Olympics…75 injured in floor collapse at Jakarta exchange building…Firm headed by former DA heavyweights to net R650k for Cape Town drought communication…South Africa summons US diplomat to explain Trump comment…Gupta arrest warrant 'imminent'…AfriForum lays charges against EFF leaders over H&M protest…Hundreds of DUT workers go on strike…SA's plans for other-worldly Kohli…Sharapova, Kerber light up Aussie Open…United put Sanchez saga aside to see off Stoke…Pele backs Brazil to win sixth World Cup…Duane set to quit Toulon for Stormers, Boks.

 

Two Cents Worth

For some of you it’s your second day back at work today. I can just imagine after one day being back the stress is back and the nots in your neck have come back with no sympathy leaving you dreading your morning alarm clock. This morning I would like to share a quote with you that I hope will help you have a better outlook on your Tuesday and help you survive the rest of the week.

“Water does not resist. Water flows. When you plunge your hand into it, all you feel is a caress. Water is not a solid wall, it will not stop you. But water always goes where it wants to go, and nothing in the end can stand against it. Water is patient. Dripping water wears away a stone. Remember that, my child. Remember you are half water. If you can't go through an obstacle, go around it. Water does.” ? Margaret Atwood, The Penelopiad

 

*Thanks to Dr Jack & Curtis

 

Currency Crackdown

Thanks to Nyiko,

 

The  dollar slid to a 3-year low against the euro in light trade with US markets closed for the Martin Luther King Day holiday. The dollar has been under pressure recently as signs of strengthening global growth have fuelled speculation that central banks outside the US could start tightening their monetary policies. Meanwhile, the euro rallied on the back of optimism about the euro zone’s economic outlook and as Germany inched closer to forming a new government after a coalition deal was struck.

The rand strengthened slightly – supported by the weaker dollar, strong commodity prices and reports that the ANC preparing to discuss whether President Jacob Zuma should step down as head of state. We should have some guidance after ANC NEC meets on Thursday.

Also trading stronger was the pound sterling – extending Friday’s strong gains — as traders continued to digest a report that the Spanish and Dutch finance ministers had indicated they were prepared to back a ‘soft Brexit’ deal for the UK.

On cryptocurrencies, China escalated its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, the German Central Bank said that any attempts to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community.

It will be a quiet day on the economic front today with, local Mining Production (11:30) expected to come in slightly lower than its previous figure. While UK CPI and PPI figures are due at 11:30 and US Empire Manufacturing out at 15:30.

 

Did You Know?

At the ocean's deepest point, the water pressure is the equivalent of having 50 jumbo jets piled on top of you.

 

Have an amazing day,

Keaton

 

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