Today we are taking a look at:

  • Another low turnover day for SA as SAGBs retrace some of the recent losses as the ZAR gets back below 15.00
  • USDZAR remains on the back foot
  • Oil is heading for the biggest weekly loss since July on indications Saudi Arabia is restoring lost crude production quicker-than-expected
  • Global markets are mixed as investors weigh up the Impeachment of President Trump vs the potential for a US/China trade deal; We expect risk off into the weekend as the global backdrop keeps investors on the sidelines
  • SA PPI surprises to the downside as a result of meat pricesDailyMarketCommentary190926