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  • 19-Jul-12 – Raising the ZAR to Overweight - Updated Wed July 18, 2012

    Top 3 data/events • Brazil – COPOM Minutes to point to further rate cuts • Euro area – Finance ministers to discuss Spanish bank bailout • Taiwan – Export orders likely declined • Market focus • We expect the SARB to keep the repo rate unch...

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Global Focus - The world in transition

The world economy is in transition. Global growth rates are picking up, but transition means elevated risks and volatility. In terms of global implications, all eyes will be on the US and China, with the US normalising monetary policy and China rebalancing its economy.