Today we are taking a look at:

  • Foreign investors were small sellers yesterday, but more than offset by local buyers
  • USDZAR pauses above R13/$ as markets await judgement over secret ballot; dollar weakens, supportive of majors
  • Oil breaks below $45/bbl., but momentum indicators appear oversold, hence Brent may rebound in the near term, albeit marginally
  • The JSE gained as higher metal prices supported gold counters. European and U.S. shares were mostly lower led by weaker energy shares. This morning Asian markets are mixed
  • SA CPI rises marginally in May, driven by higher meat and fuel prices; UK public sector borrowing requirement eases in May