Today we are taking a look at:

  • SA CPI in line with consensus, food inflation result in uptick in headline CPI to 6.3 % y/y in June
  • USDZAR range-bound ahead of SARB MPC, majors stronger, market awaits ECB meeting today
  • US equities upbeat, Top 40 ends flat after early losses, Asian markets follow US markets higher this morning
  • UK unemployment rate falls, post-Brexit effect not captured; Eurozone current account surplus narrows, confidence levels worsen