Today we are taking a look at:

  • ECB leaves interest rates unchanged, Draghi mildly hawkish, raises GDP and inflation forecasts, but stresses underlying prices pressures remain benign
  • Rand frail amid strong dollar on Fed hike expectations, euro supported by Draghi’s speech, eyes on NFP today, likely dollar supportive
  • Top 40 lower on weaker resources, US markets end positive boosted by energy, Asia positive as strong dollar boosts exporters
  • Chinese M2 money supply growth slows as aggregate financing and loan extension declines