Today we are taking a look at:

  • SAGBs bull steepen in line with stronger ZAR, yields lower across the curve
  • USDZAR continues to strengthen, buoyed by dollar weakness and positive sentiment from the BRICS summit, majors lifted this morning
  • Gold rallies as a result of a weaker dollar, Crude benefits from lower US crude stockpiles and China stimulus
  • Markets struggled to hold on to Tuesdays gains with concerns ahead of the meeting between The U.S. president and president of the European Commission
  • US new home sales declines sharply in June, we watch consumer sentiment and spending closely over the next few months

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