Today we are taking a look at:

  • Foreign investors sold R2bn of SA bonds on Friday, small local buying seen on the day
  • USDZAR holds onto gains this morning; majors weaken as the dollar index gaps higher this morning, markets focused on events later in the week
  • Gold remains close to its weekly high; Brent rallies by almost $1/bbl. on Friday as Saudi Arabia indicates support for production cut extension
  • The JSE bucks the trend, closing up 1% Global markets trade lower, with the collapse of German coalition talks dragging Asian markets lower
  • US housing starts and building permits rise; Japanese trade bolstered by exports and global demand