Today we are taking a look at:

  • SAGBs bid almost across the curve on the back of foreign demand, but flows were light
  • USDZAR fails to consolidate below 13.0000, but remains range bound
  • Oil extends gains as US stockpiles fall to a 6-month low. Gold continues to rally amid softer dollar
  • Global markets trade mostly lower, with the focus on earnings
  • SA PPI surprises to the downside as transport and grain prices disinflate; US capital spending subdued in June; Japanese data positive this morning