Today we are taking a look at:

  • SAGBs rally after local GDP print, carry remains king and SAGBs are still attractive to offshore
  • Rand trading on the back foot as dollar strengthens
  • Oil extended a decline after an industry report showed a massive increase in crude stockpiles, reviving fears of a global glut
  • The local Top40 closed down -0.7%, while international markets were mixed
  • SA real GDP growth surprises to the upside in Q4 and 2018 as a whole; Eurozone retail sales sharply higher in January

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