Today we are taking a look at:

  • Political risk premium raises FRA probabilities of a SARB rate hike, along with local CDS spread
  • USDZAR remains elevated; Global majors downbeat amid a still strong US dollar
  • Top 40 rises marginally, led by industrials; US equities upbeat amid positive economic data; Asian markets are trading higher this morning
  • US PCE deflator edges lower, personal income and spending growth remains positive in July; Japanese data downbeat this morning

SA net foreign flows positive last week, support by SA bond market