WHAT HAPPENED OVERNIGHT IN THE US:
· SPX -0.22% (closed 2126) easier as moc-selling basket suggested some unwind going into long-weekend.
· US macro in focus as CPI (ex-food/energy) +0.3% vs +0.2% est.
· Yellen a little more ‘hawkish’ than Fed minutes suggested – indicating a rate increase this year to be appropriate, pace of further hikes to be gradual.
· USD firmer – the obvious cap on commodities. Metals struggled. Energy related counters tracking drop in crude as WTI -1.32% at $59.92.
· Retailers and Apparels lower following disappointing eps and weak guidance.
· RAILS -0.8% behind weak industry data (TRAN -0.81%).
WHAT’S UP THIS MORNING IN THE EAST:
· Asia this morning: MXAP +0.2%
· Japan +0.67%: softer YEN the underlying support (121.68). Positive trade data the added push.
· Hong Kong – closed.
· Australia +0.79%. Gains across the board (Industrials and Energy related pacing upside). Miners firmer: RIO +1.81%, BHP +0.48% - parities +1% to JHB close. FE higher (+3.54%).
SOUTH AFRICAN NEWS:
· Expect JSE little changed
· From SA close Friday: gold -$2 ($1204), plat -$3 ($1145), oil little changed ($65.32).
· ILV: FY adj-heps R1.79 vs sbgs R1.85 – in line with guidance. Strong production out of Zambia ns Moz. Sees tough year ahead – guiding FY 2016 lower : eps/heps to be between -25-45%.
· TON: FY heps R945mln (-14.6%). Basic eps at 8.65 vs in line with guidance (10.60cons). Div +5.6% at 380cps.
· RFG: 1H normalised heps +117% at 36.6cps vs guidance +114%-119%. Plans first dividend for FY Sept 2015.
TODAYS KEY DATA POINTS:
· None : US and UK closed.