It’s another relatively quiet week for economic releases, both locally and globally. The main focus will be on the Eurozone Core CPI (YoY), due tomorrow, where the market expects a slight decrease in inflation to 2.2% from 2.3%.
Domestically, The ZAR continues to trade at good levels against the major currencies. We have seen a significant rally in RSA government bond yields with the R2035 trading at a yield of 9,59% down from 11,14% earlier this year