Today we are taking a look at:

  • SAGB yields rose ahead of S&P credit rating review, as market traded nervously ahead of the outlook change; encouraging trade news however gives risk a bid in the Asian open this morning so any fall out from S&P is limited
  • S&P cuts SA’s outlook to negative from stable
  • Oil was steady near a two-month high as optimism over progress toward a limited trade deal was balanced with investor fatigue due to the long-running negotiations
  • VIX is back to historical lows as the world prices in a trade deal. This week is all about the MSCI rebalance, as locals and foreigners will use the event as one of the last liquidity situations for the yearDailyMarketCommentary191125

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