Today we are taking a look at:

  • A slow day for SAGBs which largely ignore the ZAR underperformance, but we bull flatten reasonably aggressively in light flows
  • Rand remains vulnerable as market uncertainty over a Moody’s credit review intensifies, weaker dollar supports majors
  • Oil prices edge higher as OPEC signalled output cuts’ Gold remains elevated
  • The All Share index started its trading day in negative territory on Friday and remained range-bound throughout the day losing 1.53%
  • US GDP growth eases in Q3, core PCE decelerates; Japanese data this morning signals some easing in retail activityDailyMarketCommentary181029

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