Today we are taking a look at:

  • Marginal inflows into the bond market yesterday
  • USDZAR remains vulnerable to political factors
  • Gold continues lower as a result of a stronger dollar; Brent remains elevated as a result of supply concerns
  • The JSE closed lower after two days of gains with sentiment battered after the announcement of a cabinet reshuffle; European markets had another lacklustre session with the major indices all closing marginally lower; U.S. markets ended mixed; This morning Asian markets are posting modest gains
  • UK inflation rises to 3% y/y, Eurozone inflation remains well below target; US industrial activity surprisingly firmer in September