Today we are taking a look at:

  • Offshore buys into the weakness, particularly the very back end R2048s and expect this to continue
  • USDZAR on the back foot as global outlook weighs on emerging markets
  • Oil eases after US inventory data while gold rallied as a result of a sharply weaker dollar
  • The JSE closed higher while global markets sold off led by weaker technology shares, the U.S. responded to growth downgrades from the IMF; Asian markets are mixed this morning
  • US data upbeat, consumer confidence rises, while manufacturing conditions have improved