• A wave of optimism has lifted markets overnight – risk-on trade sees a shift from West to East, from bonds to equities, from developed to emerging markets – should be good for the JSE (and resources) today, and the Rand may strengthen as the US dollar takes a bit of a breather
• Fed minutes from January meeting due to be released today – will we get a hint at the timing of the first interest rate increase?
• The daily under recovery on the South African petrol price is a massive R1.32 per litre. Expect a big increase in petrol price next month.