Today we are taking a look at:

  • A poor close in SA last night as ZAR and SAGBs bounced off their lows reasonably aggressively
  • Rand remains becalmed at weaker levels
  • Brent price remains elevated due to expectations of OPEC supply cuts; Gold also elevated on the back of risk aversion
  • South African bourse recorded a new record high while global markets take a breather
  • Strong Eurozone retail sales supported by upbeat domestic demand