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BBB Ep 11 - Markets hit hard; Rand above R17/$; Eskom; Mandatory vaccine madness; UK PM frontrunners

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With June's inflation data set for release tomorrow, nerves jangled in US stock markets overnight. Sharp declines were recorded as investors fretted about the Fed's ability to engineer a soft landing for the economy while taming inflation with higher interest rates. Bad news, too, out of China this morning. No such worries for US Dollar Bulls, however, as the greenback powered to its highest level in two decades - with the Rand feeling more pain, sailing beyond the R17/$ level. Also in this morning's BizNews Breakfast Briefing, mandatory vaccines; the Eskom CEO's plan to end (or at least reduce) loadshedding; and frontrunners to replace UK prime minister Boris Johnson. Learn more about your ad choices. Visit megaphone.fm/adchoices
12 Jul 2022 1AM English South Africa Investing · Business News

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