Today we are taking a look at:

  • Bond markets rally sharply in the aftermath of a very optimistic budget speech
  • Potentially much improved outlook for the rand
  • The gold price continues to ease on the back of a stronger dollar, while the oil price remains relatively elevated
  • The JSE closed higher as a positive budget spurred investor confidence; U.S. markets closed firmly in the red after the release of the FOMC which is spilling over to Asian markets this morning
  • SA Budget shows fiscal consolidation back on track, SA CPI eases with core surprising to the downside