Fresh turmoil for traders as President Trump denies he intends to fire Fed chair Jerome Powell, after floating the idea in a meeting with Republicans. Trump also says more than 150 countries will soon get letters imposing tariff rates of 10-to-15 percent, a day after sealing a deal with Indonesia. Plus the G-20 finance ministers meeting underway in South Africa with trade sharply in focus. SARB governor, Lesetja Kganyago, tells us tariffs have made policy-making more difficult. Guests include: Deepak Mehra, Commercial Bank of Dubai Chief Economist; and Ryan Bohl, RANE, Senior Middle East and North Africa Analyst.
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong Kong, or start your day in London or Johannesburg.
Chapters:
00:00:00 – Introduction
00:04:19 – Trump walks back firing Fed chair Jerome Powell
00:09:46 – G-20: SARB governor says tariffs making policymaking more difficult
00:14:14 – US banks see record revenues on trading volatility
00:17:39 – Deepak Mehra, Commercial Bank of Dubai Chief Economist
00:28:10 – Istanbul Mayor Ekrem Imamoglu jailed for 2 years
00:30:58 – Ryan Bohl, RANE, Senior Middle East and North Africa Analyst
00:39:32 – Trump softens tone towards China to secure summit with Xi
00:42:13 – UAE share sales see renewed optimism while caution abounds in Saudi Arabia
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