Traders Corner

on . Posted in News Flash

US markets took a much needed breather into Friday’s close, but Asian markets are rallying with the share price of Tencent trading 3% higher as the company gets approval from Chinese regulators to open a private bank in the world’s second largest economy. The Rand is stable at R10.49/$ before this afternoon’s strike decision by the union, while the price of gold is trading at $1,305 an ounce. FTSE futures are trading +0.4%

Key macro events:

  • US Markit composite PMI

  • US Markit services PMI

  • US Pending home sales