Market focus this week will be on the FOMC; rand under pressure above 14.8000. Brent crude oil remains well above $73,50 per barrel.
Asian markets have not followed their US counterparts higher as broad-based selling of defensives and cyclical names weigh on their markets. There has been a renewed push towards global tech, but regulatory headwinds in China are excluding Chinese tech from the rally.
Currencies The rand recovers into the close of the week; currently, it trades in the mid-14.40s.CommoditiesBenchmark crude oil prices retreated as OPEC+ agreed to increase supply [...]