Today we are taking a look at:

  • SAGBs trade well despite risk off in global markets after disappointing PMI data
  • The rand continues on an upward trajectory
  • Oil snapped a six-day losing streak as a surprise drop in U.S. stockpiles and tumbling OPEC output helped to offset more evidence the global economy is weakening
  • Global markets sell off on a weaker than expected manufacturing print out of the US as well as ongoing geopolitical turmoil
  • SA PMI slump follows confidence decline

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