Today we are taking a look at:

  • Significant foreign capital outflows of R4.73 billion from the bond market yesterday
  • The fortunes of local markets increasingly in the hands of the ratings agencies
  • Oil remains elevated as the OPEC trade is back; Gold rises overnight but still remains close to monthly lows
  • Global markets are mixed ahead of a data intensive week
  • US personal income and spending growth rises in September; Eurozone confidence indicators improve across the board, SA budget posts narrower deficit in September; Japanese data disappoints this morning
  • Sharp outflows of foreign capital from the bond market last week, MTBPS weighs on sentiment