The foreign exchange markets remain cautious as uncertainty prevails. Benchmark crude oil contracts retreated overnight.
US inflation shock to the upside sees tech rerating across the globe as investors tweak their valuation models.
SA manufacturing output sharply higher in March. Brent crude oil is hovering just above $68 per barrel.
Asian stocks along with US futures have slid again after a tech-led Wall Street tumble last night as surging commodity prices stoked concerns about inflation.
A faltering USD sees the rand trade towards the 14.0000 level. Brent crude oil remains above $68,50 per barrel; Gold is better bid as are PGM’s.
Commodities are stronger across the board after a strong set of export data from China, which has led to some risk-on action into the weekend.