An uneventful Fed statement last night saw the US central bank act in line with market expectations, with the S&P 500 adding 1.2% and the Dow Jones ending 0.61% in the green.

In Europe, futures across the Continent dipped 0.2%, whilst London traded flat. As market uncertainty persists, the real yield on US Treasuries have extended their fall to record lows, recording -0.9 as investors piled into safe-haven instruments and the current inflationary environment sapped gains.

Over to the local bourse, the All Share has captured gains of 0.39%, boosted by comments out of the Fed and the recent Dollar weakness.

The Rand has weakened overnight against the greenback, starting this mornings session opening today at R16.58/$. The currency pair remains range-bound firmly within the 16-band, with volatility spikes caused by international disturbances more than local ripples.

The ZAR is currently trading 16.69/$, R19.61/€ and R21.61/£


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