MARKET UPDATE 02-Mar-18

Looking at our global market today.

Latest update on the US market is the possible imposition of tariffs on steel and aluminium announced by the President Donald Trump.

Major US stocks indices fell more than 1.0 percent after the tariff announcement added to investors concern about the pace of Federal Reserve Interest rate rises as inflation edges higher.

On Wall Street, Dow Jones Industrial closed down by 1.68 percent. The S & P 500 lost 36.16 points and the Nasdaq Composite dropped to 92.45 points.

A quite weekend with major economic events scheduled for next week.

And that’s all for now…..Vinaka

FX Rates 02 03 18

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