Today we are taking a look at:

  • SA opens on the back foot after the large bear steepening in USTs overnight
  • Markets focus today on U.S data
  • Gold price remains within a tight range; Brent rallies despite estimates of US production hitting a 47-year high
  • Global equity markets experienced choppy trading with emphasis shifting to higher bond yields
  • Global PMIs are softer in January, may rebound marginally over the medium term