Traders Corner

on . Posted in News Flash

YesterdayUS markets had their worst day this year, losing 2% across the board after poor earnings results triggered a sell-off. Asian markets are also trading lower this morning, but good China PMI data is helping keep markets out of much of the negative territory. The Rand remains weaker at R10.72/$ with the gold price last quoted at $1,284 an ounce. FTSE futures are 0.3% lower with US futures trading +0.25%

Key macro events:

    • SA: Kagiso manufacturing PMI – expected: 45
    • SA: NAAMSA vehicle sales – expected: -6%
    • US: Change in non-farm payrolls – expected: 230k
    • US: Unemployment rate – expected: 6.1%
    • US: Personal spending
    • US: Personal income
    • US: Core PCE Y/Y
    • US: Markit manufacturing PMI
    • US: University of Michigan consumer confidence
    • US: ISM manufacturing
  • US: Domestic vehicle sales