Today we are taking a look at:

  • US shale oil production likely to rise, inventories remain elevated, and OPEC may cheat on quotas – these are likely to keep the oil price low over the medium term
  • Dollar sharply weaker in NY session, majors supported; USDZAR consequently strengthens overnight
  • Top 40 surges 1.61%, led by resources; US equities marginally upbeat; Asian markets mixed this morning
  • SACCI business confidence eases marginally; UK industrial production rises, trade deficit widens; Japanese current account and trade surplus narrows