Today we are taking a look at:

  • Global food prices rise, despite falling US grain prices; SA maize price remains elevated on an annualised basis, agricultural sector still in contraction due to drought
  • Dollar remains strong, global majors continue lower as a result; USDZAR maintain weak trend, R14.30/$ this morning
  • Top 40 slumps 1.2%, led by financials and industrials; US equities mixed amid continued political uncertainty; Asian markets mostly lower this morning
  • Eurozone industrial production growth eases amid a decline in durable goods production
  • Largest weekly outflow of bonds and equities since 2008, as global bond rout intensifies