Today we are taking a look at:
- Markets remained cautious ahead of FOMC and SARB today, small foreign capital outflows seen in the bond market yesterday
- Local Focus today will be on the SARB MPC, USDZAR and global majors weaken sharply after FOMC
- Brent crude rises above $56/bbl. as US inventory data disappoints; Gold price still subdued due to strong dollar
- Local markets ended lower; Focus today will be on futures close-out and the MPC decision; European markets muted ahead of the FOMC meeting; U.S. markets closed at record highs; Asian markets are mostly higher this morning while the ASX is lagging
- US FOMC marginally hawkish, confirms start of balance sheet normalization; UK retail sales growth accelerates; SA CPI rises, but 81% of CPI basket is now below 6%
