Ramaphosa condemns attack on Trump

President Cyril Ramaphosa on Sunday said the attempted assassination of former US President Donald Trump is a reminder of the dangers of political extremism and intolerance. News24 reports that Trump was shot at a rally in Pennsylvania. ‘The attempted assassination is a stark reminder of the dangers of political extremism and intolerance. Political violence is the antithesis of democracy. I wish former President Trump a speedy recovery,’ he said. Ramaphosa said he hoped that citizens and leaders of the US would have the fortitude and sagacity to reject violence and seek peaceful solutions.

Full News24 report

Fin24 reports that investors will initially favour traditional haven assets and perhaps lean into trades most linked to Trump’s chances of winning the White House after he survived the assassination attempt, according to market watchers. ‘Undoubtedly there will be some protectionist or haven flows in the Asia early morning,’ said Nick Twidale, chief market analyst at ATFX Global Markets. ‘I suspect gold could test all-time highs…we will see the yen getting bought and the dollar, and flows into Treasuries too,’ he said. Initial market commentary suggested the shooting may also prompt traders to boost his probability of success in November’s election. His support for looser fiscal policy and higher tariffs are generally viewed as likely to benefit the dollar and weaken Treasuries. One early weekend indicator of market sentiment: Bitcoin rose above $60 000, probably reflecting Trump’s pro-crypto stance.

Full Fin24 report