Today we are taking a look at:
- Foreign flows volatile but post R88bn swing over last month, EM flows in general have been robust with flows into Africa, Middle East and Latin America trailing Asian flows, mostly related to ‘post Brexit’ change of Fed stance.
- Rand fails to sustain push below R14.50/$ and majors range bound amid thin liquidity due to US holiday.
- Top 40 index ends flat, US markets closed for Independence Day, negative sentiment from Europe spills over to Asia this morning.
- Eurozone PPI still in deflation but largely impacted by energy prices, Sentix investor confidence falls in region.