Today we are taking a look at:

  • Local yields remain low despite uncertainty over Budget and SOE woes
  • Local markets likely to be cautious again today, USDZAR remains above R14.00/$
  • Oil held gains at a three-month high as investors focused on prospects of a resolution to the U.S.-China trade war and signs of sliding shipments from the world’s biggest crude exporter
  • The Top40 closed up over 1%, while global markets were mixed. The US holiday affected trading
  • Foreign flows continue to disappoint, as concerns around Eskom, the Budget, and global trade take centre stage

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