Today we are taking a look at:

  • S&P leaves FC credit rating unchanged, lowers LC rating by one notch, concerns over political instability, a lack of structural reform and rising debt levels over the medium term
  • USDZAR sharply stronger on Friday, but loses 8-cents this morning; global majors weaken as US dollar gaps up this morning after Italian referendum vote
  • Top 40 closes deep in the red, US markets end session mixed leading Asia softer this morning as risk off returns
  • US nonfarm payrolls disappoint but unemployment rate falls sharply in November