MNI BRIEF: Aussie PPI Eases; Export Prices Fall

MNI BRIEF:BOJ To Hold 5-Yr Fund-Injecting Operation on Tuesday

MNI BRIEF: Japan Jan Tokyo CPI Rises 4.3%; Highest Since 1981

Robust Q4 GDP Kicks off EZ GDP Round

MNI: SPAIN Q4 FLASH GDP +0.2% Q/Q, +2.7% Y/Y

MNI: FRANCE JAN CONSUMER SENTIMENT 80

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
POLAND

NBP's Maslowska Says There May Be Scope For Rate Cuts Near End-2023

SPAIN DATA

Robust Q4 GDP Kicks off EZ GDP Round

LNG

Freeport LNG Receives Approval To Take First Restart Steps

EQUITIES

Fall lower led by the cash open.

USDCAD TECHS

Remains Vulnerable

NATURAL GAS

TTF Falls Further as Low Demand Eases Supply Pressure

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Rand Sits Just Shy Of Neutral Levels, Eskom Aims To Reduce Power Outages By End-March

ZAR
BulletEM BulletEmerging Markets NewsHomepage

Spot USD/ZAR trades at ZAR17.2062, a touch higher on the day, with some incremental reprieve on the Eskom front drawing attention ahead of tomorrow's SARB rate decision. From a technical standpoint, little has changed since yesterday. Bulls look to a move towards Jan 6 high of ZAR17.4343, while bears keep an eye on Jan 12 low of ZAR16.6950.

  • Eskom CEO Andre De Ruyter told the Standing Committee on Public Accounts (SCOPA) that the power utility could return 1,862MW to the grid by end-March, which would reduce rolling blackouts by about two stages. The aim is to add 6,000MW to the grid over the next 24 months, but this will require time, skills and investment.
  • The BBG Commodity Index is slightly weaker today, with the precious metals subindex also marginally below neutral levels.
  • Local-currency bonds have strengthened, with the yield curve bull flattening. South Africa's 10-year breakeven inflation rate has faltered to a new 11-month low of 5.88%.
  • The FTSE/JSE Africa All Share Index is ~0.3% better off but has not yet tested the all-time high printed yesterday at 80,648.
  • All eyes are on the SARB's monetary policy decision, with the announcement due at some point tomorrow (our preview can be accessed here). Consensus remains split between a 25bp and 50bp rate hike.
207 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Spot USD/ZAR trades at ZAR17.2062, a touch higher on the day, with some incremental reprieve on the Eskom front drawing attention ahead of tomorrow's SARB rate decision. From a technical standpoint, little has changed since yesterday. Bulls look to a move towards Jan 6 high of ZAR17.4343, while bears keep an eye on Jan 12 low of ZAR16.6950.

  • Eskom CEO Andre De Ruyter told the Standing Committee on Public Accounts (SCOPA) that the power utility could return 1,862MW to the grid by end-March, which would reduce rolling blackouts by about two stages. The aim is to add 6,000MW to the grid over the next 24 months, but this will require time, skills and investment.
  • The BBG Commodity Index is slightly weaker today, with the precious metals subindex also marginally below neutral levels.
  • Local-currency bonds have strengthened, with the yield curve bull flattening. South Africa's 10-year breakeven inflation rate has faltered to a new 11-month low of 5.88%.
  • The FTSE/JSE Africa All Share Index is ~0.3% better off but has not yet tested the all-time high printed yesterday at 80,648.
  • All eyes are on the SARB's monetary policy decision, with the announcement due at some point tomorrow (our preview can be accessed here). Consensus remains split between a 25bp and 50bp rate hike.