Today we are taking a look at:

  • Marginal outflows of foreign capital from the bond market yesterday, but liquidity has thinned recently
  • International FX markets focus on US FOMC today
  • Oil loses ground sharply after rally in the previous session; Gold remains subdued
  • Global markets traded cautiously ahead of Fed announcement, The JSE ended lower with Naspers falling over 3%; European investors favoured technology stocks while American and Asian markets continued to favour financials
  • SA manufacturing production surprises to the upside, US economic data disappoints; UK inflation rises above 3%