Today we are taking a look at:

  • SA PMI indicates a Q3 drag, Eurozone PMI’s stabilise, Global heat map shows world still in growth doldrums but improving
  • USDZAR supported despite dollar rally yesterday; global majors weaker on the back of resilient USD after positive ISM data
  • Top 40 sheds 0.7% due to widespread losses; US equities negative; however Asia bucks the trend this morning – Asian equities upbeat
  • SA vehicle sales remain remarkably depressed for 10th consecutive month of declines
  • Foreign flows sharply negative last week, led by ongoing equity outflows