Today we are taking a look at:

  • TRY rebound results in better demand for risk assets yesterday, SAGB yields marginally lower
  • TRY weaker this morning, weighing on EM FX, dollar strength resumes
  • Gold remains below $1200/oz. while Brent up marginally as a result of Saudi output reduction and lower global supplies as a result of Iranian sanctions
  • The Top40 closed down -0.5% reversing the previous day’s gains. Global markets rebound as rebound in the Turkish lira eases concerns
  • SA mining production growth surprises to the upside in Q2, Eurozone GDP growth estimate upwardly revised for Q2, UK employment trends positive but wage growth eases

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