Today we are taking a look at:

  • Gold price currently overbought; platinum-palladium spread narrows as palladium rallies; palladium deficit widens
  • Dollar marginally stronger but global majors mixed – euro weaker, yen and sterling rises; USDZAR maintains strengthening bias
  • Top 40 rises 0.4%, led by financials and industrials; US equities on a positive momentum; Asian markets bucks the trend, negative this morning
  • Asian data relatively upbeat with Chinese inflation firming and Japanese industrial activity rising in December
  • SA foreign flows post small inflow last week, driven by bond market