Getting better

Local equities closed stronger yesterday gaining 1.6% on the back of the rand being weaker against all the majors.

Nico Kelder, economist at the Efficient Group reports that all sectors ended in positive territory.

Bonds weakened on the back of the softer currency. Commodities traded lower with gold down about 1.07% (at $402.38), oil down by 0.25% (at $36.23), and platinum down by 1.1% (at $811.50).

European and US markets traded flat with marginal gains at the close, despite better than expected US trade data. The Far East is trading lower this morning - the Nikkei 225 dropping 1.89% so far.

Local equities are expected to close slightly higher today, on the back of a weaker currency. Local and foreign markets all looking for direction.