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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SOUTH AFRICA
- SA markets trade mixed across the board with global sentiment shaky, despite
a sharp sell-off in oil. Stocks followed Asian markets lower with Top40
heavyweight Naspers leading the decline.
- USD/ZAR trades +0.10% higher today, treading water above the 200dma, despite a resumption in commodity weakness – forcing a deterioration in SA’s terms of trade profile.
- SAGBs are mixed to firmer with 5 & 10Y yields down -5.4-6.5bp, while the remainder of the curve is mostly flat after giving back early gains.
- Top40 index trades -2.44% lower following the downturn in China. The index has retraced 10.98% lower from the 03 March peak and is currently looking for support around its 200dma (63,194).
SA Terms of Trade
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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