Today we are taking a look at:

  • A slow day in SA rates on Friday as SAGBs trade heavy, and show more propensity to weaken with the ZAR than strengthen
  • Positive open for the rand this morning, dollar weakness supports majors
  • Gold price continues to fall; Brent range-bound as markets await further developments regarding OPEC production and US stockpiles
  • Asian markets are trading weaker as traders digest China’s economic data while Japanese markets are closed for a public holiday
  • US consumer confidence declines in June; Chinese data mixed this morning, but growth continues to rise in Q2

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