Today we are taking a look at:

  • After finding initial support from a stronger rand early in the day, most of the gains were given back overnight as a weaker euro dragged the rand weaker; News that power utility Eskom is likely to revert to load shedding aided the slide in yields towards 9%
  • Emerging market currencies on the back foot across the board
  • Oil headed for a second weekly decline as investors tried to gauge whether OPEC and its allies will ease production caps next week
  • European markets react positively to the ECB decision, the Nasdaq closes at a fresh record high and Asian markets are mixed with trade tensions weighing in China

If you are looking for more relevant market commentary, have a look at our other Markets and Research.