Today we are taking a look at:

  • EM and SA credit markets not pricing in fundamental and political risks locally, SA bonds rally across the curve
  • Rand faltered yesterday to push back above R13.00/$ but remains on a positive footing, euro holds steady ahead of a long weekend in the US this weekend
  • Top 40 closes +0.16%, US markets take a breather trading largely flat, Asia weaker this morning
  • US housing data mixed with building activity rising, jobless claims continue to reflect upbeat labour market