Market Commentary: June 2018
Here are this month’s highlights: The second quarter of 2018 ended on a bumpy note. Global trade tensions, the stalemate between Britain and the EU, and geopolitical spill-overs made headlines. Sentiment-driven emerging markets, technology stocks and cyclicals were noticeably volatile. South African equities, after an initial sharp sell-off, recovered toward month-end to close higher. Local bond and fixed income investors remained jittery, and the currency depreciated sharply against the greenback.