Today we are taking a look at:

  • SAGBs weakened yesterday as offshore outflows, coupled with some auction overhang weighed on the street
  • Dollar strengthens, weighing on majors, rand remains weak
  • Gold falls on profit-taking; Brent remains elevated despite no extension recommendation from OPEC
  • The Top40 tracked Asian markets lower to close down 1.50%, while markets in Europe and the US closed little changed.  Asian markets are trading mixed this morning
  • US data shows falling home inventories keeping house prices high; SA’s leading indicator rises in July
  • Outflows of foreign capital from SA equity market persists, on-going support for SAGBs limits outflow