Today we are taking a look at:

  • Probability for SA falling into a recession stands at 45%, but mining and agri sector rebound may offset weakness in manufacturing and retail
  • Dollar rebounds overnight, weighing on global majors; USDZAR resilient, maintains stronger momentum, at R13.16/4 this morning
  • Top 40 marginally lower due to health care and resource stocks; US equities sharply higher due to better reported earnings; Asian markets follow upbeat this morning
  • US labour market trend remains upbeat, leading indicator continues to rise