US Retail sales and manufacturing production increased by 9.8% and 2.7% respectively in February.
Global markets trend lower as global investors trim positions after the recent rally that took risk assets to an all-time high.
Benchmark crude oil prices have ticked up. SA mining output rises in February. Rand recovers to below 14.5000.
Most Asian markets are trading in the green after US stocks closed around record highs as investors eyed the start of the corporate earnings season.
Benchmark crude oil contracts are little changed. The rand fails to consolidate recent gains and drifts higher.
China PPI soured the mood this morning, despite the US making new highs last night after Powell’s comments reassured investors.