Today we are taking a look at:

  • Global PMIs show marginal improvement as demand rises, SA PMI surges as a result of resurgent business activity
  • Rand maintains composure in range bound market, little direction from FOMC and market  now eyes NFP data
  • Top 40 rises by 0.62%, led by resource stocks; US equities marginally higher post FOMC; Asian markets mostly negative this morning
  • US ADP payroll gains exceeds expectation, FOMC statement strikes a hawkish tone, Fed sees inflation at 2% this year