US markets closed off their lows last night following notes from the Fed that proved unexciting, but mostly in line with what analysts had expected. Asian markets are also trading without much direction this morning, with emerging market currencies remaining weak against the US Dollar. The Rand was last quoted at R10.67/$, with gold trading at $1,293 an ounce. World futures are trading flat.
Key macro events:
- SA: PPI Y/Y – expected: 8.4%
- SA: Trade balance – expected: -R6.3-billion
- US: Challenger job cuts
- US: RBC Consumer outlook
- US: Initial jobless claims
- US: Bloomberg consumer comfort