Today we are taking a look at:

  • Major indicators are largely stable in the overnight session so SAGBs open up unchanged after bull steepening yesterday
  • Indications that the SA cabinet may be reduced
  • Oil fell as an industry report signalling a jump in U.S. stockpiles eased immediate concerns over a supply crunch, while a drone attack in Saudi Arabia highlighted the vulnerability of the country’s energy infrastructure
  • SA jobs data and global macros weighed on the SA equity market as local and foreign investors remained on the sidelines
  • SA unemployment rate rises in Q1; Eurozone industrial production contracts in March; Chinese data this morning

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