Today we are taking a look at:

  • Sharp inflows seen in the bond market after SARB leaves rates unchanged
  • Dollar eases after the post-FOMC surge, supporting majors, USDZAR strengthens after SARB MPC
  • Gold falls further below $1300/oz. due to stronger dollar; Brent still elevated ahead of OPEC meeting
  • The Top40 ends little changed with volumes dominated by futures close out; European markets close mostly higher, while the Dow and S&P retreat from all-time closing highs; Asian markets are lower on renewed  worries about North Korea
  • SARB MPC surprises markets again, this time with and unchanged repo rate; UK budget deficit widens; US leading indicator projects better economic growth; Eurozone consumer confidence improves but markets are more interested in possible ECB tapering next year