Today we are taking a look at:

  • SAGBs opened stronger in line with a firmer currency and global risk backdrop, however gains were short-lived, foreign activity subdued
  • USDZAR continues to weaken steadily
  • Gold eases marginally intraday, Brent continues to rally for the 6th consecutive day, longest run of advances since April
  • Top 40 slumps 0.64% due to industrials and financials, eyes on ANC policy conference which begins today; global equities negative
  • SA PPI rises as fuel costs are higher; US GDP upwardly revised from previous estimate; Eurozone confidence levels rise; Japanese data mixed this morning