Today we are taking a look at:

  • Top 40 index stuck within range but tests tops frequently, which may signal an impending break higher
  • Stronger dollar pushes USDZAR to R13.59/$ this morning, global majors consequently weaker due to hawkish Fed rhetoric recently
  • Top 40 loses 0.41 %, led by resource stocks; Global equities downbeat amid hawkish commentary from Fed officials

UK budget turns a surplus as a result of sharply higher tax receipts in July