Today we are taking a look at:

  • A constructive Friday in SA as offshore inflows and some local short covering goes through as risk behaves better
  • Global factors continue to weigh on the rand
  • Gold sharply lower on dollar rebound this morning; and while the Brent price has declined, it still remains elevated
  • Local bourse bounces led higher by retailers
  • Eurozone inflation struggles to make headway in September; SA budget deficit falls further away from target, trade surprises to the upside; US core PCE falls further away from Fed’s 2% target