Trial now
US 10YR FUTURE TECHS

(Z1)‌‌ Bearish Follow Through

OPTIONS

Expiries for Sep29 NY cut 1000ET (Source DTCC)

EGB OPTIONS

Bund Nov Put Condor Seller

EGB OPTIONS

Schatz Call Spread Vs Put

SHORT-STERLING OPTIONS

More SONIA Call Spread Buying

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

LOCAL NEWS

  • Fired ANC member Carl Niehaus is pushing ahead with fraud and corruption charges against the party's top six – relating to the non-payment of ANC staff salaries.
    • Niehaus is a staunch ally of Jacob Zuma and Ace Magashule and will likely be less encumbered by party structures now that he has been fired and could be a persistent thorn in Ramaphosa's side going forward. Niehaus says he and others will open up a case at 11am local time today.
  • Financial services providers warn of a mass exodus of high-earning and skilled individuals from SA – noting a sharp decline in taxpayers earning R750,000/yr or more in the past two financial years, with companies warning that the loss of skills will damage the economy, which is already struggling with a shrinking tax base and record levels of unemployment.
  • Economists warn more South Africans are dependent on social grants and welfare from the state than in jobs getting a salary– with 20.5m living off grant while only 14.9m are formally employed.
    • Latest employment data points to 14.9m employed & 7.8m jobless; however, with the extended definition, the jobless number climbs to 16.8m. Govt is now mulling another basic income grant which will put even more people on the state's tab
  • SA reports 3,699 new covid cases & 300 deaths. KZN remains the most affected at 25% of cases, followed by Eastern Cape at 18%.

Data:

  • 1200BST: July Retail sales m/m exp at -2.7% vs 0.6% prior
  • 1200BST: July Retail sales y/y exp at 3.3% vs 10.4% prior