Today we are taking a look at:
- SA manufacturing production growth surprises to the upside, however outlook for domestic economy remains negative.
- ZAR sustains gains as global risk on remains a theme, drifts weaker in Asian session, euro fails to sustain intraday gains, remains range bound, sterling stronger as new Prime Minister set to assume office, yen continues slide.
- Top 40 +0.82 % in line with global rally, US markets pushed to another record, Asia upbeat on stimulus expectations.
- US wholesale inventories run down by rising demand, JOLTS job openings below expectations; Japanese industrial production revised lower and impacted by sluggish demand, Suga indicates that ‘helicopter money’ not being considered.