Today we are taking a look at:

  • Some position squaring ahead of the US holiday resulted in a rally in SAGB yields, markets remain cautious ahead of SARB rate decision today
  • Local FX market remains fixated on SARB MPC meeting this afternoon, ZAR posts strong gains on expectations of a SARB hike
  • Brent remains low, gold continues to rally, supported by a weak dollar
  • Global markets rebounded on the back of higher oil prices, while the US dollar weakened as talk that the Fed may soften its stance on raising interest rates gained momentum
  • SA CPI surprises to the downside in October; US leading indicator rises but capex spending stalls; Japanese CPI upbeat, but core remains lowDailyMarketCommentary181122

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