Today we are taking a look at:

  • Risk-off exacerbated by local headwinds, SAGB yields sharply higher
  • USDZAR remains on the back foot
  • Gold continues to fall, Brent sharply lower as US crude production rises
  • The Top40 was down after Tencent’s results missed. Global markets are being affected by renewed concern over Turkey
  • SA retail sales growth disappoints in June; UK CPI marginally higher, Japanese trade balance swings into a deficit, US retail sales growth higher, Industrial production downbeat

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