Today we are taking a look at:

  • OPEC reignites hopes of a production freeze, lifting near-term oil price
  • The rand encountered renewed support, trading steadily firmer for the majority of the session. This morning the ZAR is trading at 13.2850, EURZAR is currently trading at 14.8790 and GBPZAR at 17.1442.
  • Top40 closed down -0.9 %. (Resi -1.4 %, Fini -0.7 % and Indi -0.7 %),European markets closed Monday’s trading session mixed, Asian markets are trading positively this morning
  • US data disappoints, foreigners sell off US treasuries in June, Empire manufacturing index slumps

SA foreign flows post sharply inflow last week, mainly from the equity market