Today we are taking a look at:

  • A less dovish than expected SARB yesterday gave the ZAR a fillip but USTs above 2.60
    keep SAGBs stable
  • USDZAR had R12.00/$ in its sights, strengthens after SARB MPC
  • Gold weighed down by strong dollar; Oil continues lower as Chinese data disappoints
  • The Top40 traded lower with retailers extending gains; European markets ended mixed with utilities
    remaining under pressure. U.S. markets ended lighter after the previous day’s record-breaking performance and Asian markets are trading higher this morning.
  • Chinese data disappoints; US housing market data disappoints; SARB marginally dovish