The U.S president expected to announce his decision of the Iran deal

8 May 2018 / JSE Market Updates Posted by: Odwa Magwentshu

The focus for today’s trading session will be on the U.S President, Donald Trump, were he will be speaking at 8pm local time on his decision whether the US will opt out of the nuclear accord with Iran. Major allies oppose the withdraw of the U.S from the accord, such as France , UK and Germany. French President had eluded, after meeting with the US president, that Trump was leaning towards a withdrawal.

After it was announced that the US President was going to make the statement, we saw WTI oil retreat below $70/barrel after reaching highs since 2014.

All this and more in our morning market podcast:

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