Today we are taking a look at:

  • Oil market shifts its focus to global inventory glut, prompting the oil price lower; US production continues to rise, rig count is 90% higher since May low
  • Rand and majors relatively subdued ahead of Fed FOMC this week, Euro slides as political risks remain
  • JSE tracked higher amid lack of news flow, US markets lacklustre session spills over into Asia this morning
  • Chinese retail sales and industrial production data point to strong start to 2017
  • Foreign flows in SA resume subdued 2016 trend, with inflows into bond market just offsetting large equity outflows