Traders Corner

on . Posted in News Flash

US markets closed off their initial intraday lows to end positive bar the Nasdaq which was only a tenth of a percent lower. Asia is carrying the positive momentum this morning, which should flow through to the local front. The Rand is surprisingly continuing to weaken, currently trading R10.59/$, with gold last at $1305 an ounce. World futures are trading +0.1%

Key macro events:

  • SA Money supply

  • SA Private sector credit

  • SA Unemployment – exp: 25.4%

  • US S&P CaseShiller Composite

  • US Consumer confidence