Today we are taking a look at:

  • After the May CPI print surprised on the downside yesterday, local bond yields found decent support after a few days of selling pressure. The rand and bonds awaits the 1Q18 current account data due for release at 10am today
  • Local focus today on current account data
  • Oil edged lower as OPEC moved closer an agreement that would ease supply curbs after Iran edged away from a threat to veto any deal that boosts output.
  • Investors take a wait and see a approach to the ongoing trade war of words between the US and China
  • South Africa’s headline CPI in May surprised on the downside, coming in at 4.4% y/y, down from 4.5% in April. In particular food inflation continued to decelerate

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