Today we are taking a look at:

  • SAGBs show reasonable resilience in the face of the move in core rates
  • USDZAR recovers as dollar flows above  13.0000 cap the move
  • Oil accelerates overnight after rising off last week’s low, gold maintains upbeat momentum in the face of a subdued dollar
  • The JSE extended gains on thin volume while European markets continued to trade lower. Overnight, U.S. markets rebounded and oil extended gains. Asian markets are trading higher this morning led by stronger financials
  • US inventories rise, home sales disappoints; Japanese retail sales subdued in May