Today we are taking a look at:
- EM currency performance remains mixed, tied to local political and economic developments
- USDZAR 15-cents weaker this morning, R13.75/$ poses near-term rand resistance; Global majors weaker on the back of dollar strength
- Top 40 flat, gains in resource and energy stocks offset by losses in financials and industrials; US equities upbeat in thin liquidity; Asian markets follow positive this morning
- German trade surplus widens while CA surplus narrows, Eurozone investor confidence rises; Japanese trade surplus widens, primary incomes rise pushing current account surplus higher
SA foreign flows – a worrying signal as bond market posts sharp outflows of foreign capital
