Today we are taking a look at:

  • SAGBs a touch weaker this morning, in line with broader risk assets
  • Eskom warns of possible load shedding, USDZAR sharply weaker overnight but holds below R14.00/$
  • Oil held gains near $57 a barrel after U.S. imports plunged and Saudi Arabia defied President Donald Trump’s call for lower prices by signalling it intends to keep cutting output.
  • Global markets were subdued as investors digested Fed Chair Jerome Powell’s comments overnight and geopolitical tensions increased on developments in India and Pakistan
  • Eurozone Business Climate index unchanged, kept buoyed by services confidence; US durable goods orders slump; Japanese data this morning disappoints

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