Today we are taking a look at:

  • Local bond market rallies on the back of announcement that ANC will support motion of no confidence against President Zuma, overnight Zuma resignation likely to provide some support
  • South Africa awaits the new President, the rand remains stable and strong
  • Gold remains elevated despite some intraday easing; Oil price remains downbeat due to concerns over US supply glut
  • The rally in global stocks continued despite an intra-setback after U.S. CPI data which showed that prices rose more than expected
  • SA retail sales growth remains upbeat, ends the quarter 2.2% higher; US CPI and retail activity disappoints; Eurozone GDP upbeat