Today we are taking a look at:

  • Risk-off results in higher SAGB yields, likely to persist today after the overnight shake-up in the White House
  • Overnight changes in US State leadership keeps the dollar on the back foot, supporting majors and EM FX
  • The gold price benefits from the dollar weakness overnight; Oil price lower this morning
  • The JSE, together with global markets close lower, weighed by the dismissal of the US Secretary of State and on the imposition on further import tariff hikes on China
  • US CPI rises marginally in February, SA manufacturing production upbeat on an annualised basis