Today we are taking a look at:

  • SA risk premium compressed more than global peers, rand rallied stronger than bonds, spreads tightest since ‘Nenegate’
  • Rand continued to benefit from softer US dollar along with other EM FX, euro range bound while sterling rallies on Brexit optimism as May is pushed to publish a Brexit plan to parliament
  • Top 40 closes lower as strong rand hurts dual listed stocks, US markets push to record as Dow Jones pushes through 20 000 on earnings momentum, Asia led higher by US optimism
  • German confidence starts to stall amid event risk, US mortgage applications support resilient housing market