Asian markets have not followed their US counterparts higher as broad-based selling of defensives and cyclical names weigh on their markets. There has been a renewed push towards global tech, but regulatory headwinds in China are excluding Chinese tech from the rally.
Global markets remain the driver as solid corporate earnings outweigh concerns about the Delta variant.
Asian equity markets are mixed as global investors weigh the solid US earnings vs an increasingly worrying pickup in COVID-19 cases.
The rand remains vulnerable but holds relatively steady as a degree of calm returns to the country.
Currencies The rand recovers into the close of the week; currently, it trades in the mid-14.40s.CommoditiesBenchmark crude oil prices retreated as OPEC+ agreed to increase supply [...]
Benchmark crude oil prices continued to retreat from the highs seen earlier in the week; Gold was little changed.