� The US ended higher as blue-chip stocks rose again, sending Dow to record territory on renewed investor appetite to rotate.
� Positive AMD analyst day takeaways helped volatile AI sentiment, however, not a one-way trade with growth/momentum constrained by softness in a number of big tech names.
� Commodities diverged, gold and Silver higher, buoyed by safe-haven demand as Washington eyes a larger national debt to resolve the govt shutdown, while crude down dropped as OPEC shift previous deficit outlook to now forecast 3Q supply surplus.
� Healthcare, Financials and Materials led; Energy, CommServs and ConsDisc lagged.
� A mixed Asian session with Mainland China among the star performers.
� US passed the temp funding bill. Aussie jobs data beat est.
� The greenback remained on the backfoot � ZAR resilient at 17.07.
� Yen steadied on skepticism that the government would be able to shore up the currency.
� Yields are marginally higher: US2y 3.57/US10y 4.08.
� Aussie shorter yields jumped post the data.
� Japan�s 5y auct was just enough to help reduce pressure on the curve.
� Oil steadied, precious metals are slightly higher and base metals are following suit.
� Tencent Q3 out later - growth will be slower at due to AI investments.
� MTBPS showed we are making progress and this should remain supportive of bonds and the rand.
� The rand is stronger this morning, at R17.07/$, after closing stronger yesterday (R17.08/$*).
Key events and data:
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� 09h00: UK GDP (Q3:25), monthly GDP (September), industrial production (September), manufacturing production (September), visible trade (September)
� 11h00: Eurozone ECB publishes Economic Bulletin
� 12h00: Eurozone industrial production (September)
� 13h00: SA mining production (September)
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