Today we are taking a look at:
- USTs off so risk trades weaker at the margin in the Asian open; SAGBs unchanged; EM should still struggle this week as we move into holiday season with core rates trading poorly
- Rand continues to weaken
- Gold continues to edge lower on the back of a stronger dollar; Brent rallies to $49/bbl.
- Commodities drove global markets yesterday after manufacturing data out of China increased sentiment that the Chinese economy is on track for its growth estimates; The JSE and European markets experienced positive trading days; U.S markets mixed as investors continued to exercise caution around technology counters; The ASX is leading Asian markets higher as energy shares and banks continue to rise
- Global PMI’s for June are mixed