Today we are taking a look at:

  • Marginal buying by foreign investors in the local bond market yesterday
  • Local markets now await the outcome of the Moody’s credit rating review, majors supported as dollar resumes weakness
  • Gold maintains upbeat momentum on the back of safe haven buying; Oil rallies despite reports by OPEC of higher production in July
  • VIX index jumps 44% as geopolitics take centre stage
  • SA mining and manufacturing production slumps in June; UK trade deficit widens while industrial production fares marginally better; US PPI eases, US budget deficit narrows as expenditure declined