The alert has rippled through global equity markets, but boosted oil prices to fresh seven-year highs
The JSE is likely to start the week on the back foot, after the US warned that military conflict between Russia and Ukraine may be imminent.
Brent crude was up 1% to $95.45 in early trade, bringing the year-to-date gains to just more than 20%, which bodes ill for the outlook on SA inflation, hovering at a five-year high. The broader local share market is likely to trade lower on Monday, with investors using geopolitical tension as the convenient excuse to book profits after the all share index scaled record highs over the past week.
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