Today we are taking a look at:

  • Downgrade risks by Fitch and Moody’s surfaces, political risk likely to remain at a premium this week
  • Softer dollar supports global majors overnight; USDZAR surprisingly stronger after sub-investment grade downgrade
  • Top 40 rise 0.41%, led by resources; US equities rebound, albeit marginally; Asian markets mostly positive this morning
  • Eurozone retail sales improves; US trade deficit narrows as imports slump