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
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