Today we are taking a look at:

  • SA CPI undershoots in July as administered price inflation edges lower on the back of lower electricity and fuel inflation
  • USDZAR remains weak, above R14.00/$ amid political woes; Dollar remains strong, global majors softer this morning
  • Top 40 rises 1.54 %, led by resources; US equities downbeat ahead of Yellen speech; Asian markets consequently negative this morning

US MBA mortgage applications decline, existing home sales decline