Today we are taking a look at:

  • Rebalancing flows were small but characterised by offshore inflows and local outflows as SAGBs recover some of their losses of the previous 2 sessions
  • The recent euphoria around local politics dissipating
  • Brent crude oil price lower as a result of a rise in US stockpiles, gold price declines
  • Global markets traded lower as investors digested the comments from the new Federal Reserve Governor on the strength of the U.S. economy
  • SA budget and trade deficits sharply higher compared to expectations; Eurozone CPI eased in February