The EU steel industry, already reeling from Donald Trump's 50% tariffs on imports, is bracing itself for further damage after the US opened the possibility of a rolling list of derivative products that could be subject to tariffs including windows and doors with some metal. In August the US listed 407 product categories as derivative inclusions, ranging from wind turbines, mobile cranes and bulldozers to rail cars and furniture.
Gold prices fell as signs of de-escalation in the Ukraine conflict diminished safe-haven demand. Trump's upcoming meeting with Putin may further ease tensions.
South African equities continue to gain, driven by a positive trend in key sectors despite a mixed performance backdrop and trade uncertainties.