Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 13 July
* Poor reaction to US inflation data but markets managing to stabilize with some buying into the US close to pare the losses.
* USD retracing slightly which also relieved pressure on equities
* Volatility higher on the day. Small caps shedding the most.
*JSE: Markets continuing to retreat from swing highs seen last Friday although there was some buying off yesterday's lows.
*NPN/PRX continue to being sold from their overbought positions as Tencent trends lows. As a result, some SA Inc plays managing to hold up on a relative basis.
* Gold attempting to recover off the lows as DXY was sold following the inflation print. DXY higher again this morning.
* USD retracing slightly which also relieved pressure on equities
* Volatility higher on the day. Small caps shedding the most.
*JSE: Markets continuing to retreat from swing highs seen last Friday although there was some buying off yesterday's lows.
*NPN/PRX continue to being sold from their overbought positions as Tencent trends lows. As a result, some SA Inc plays managing to hold up on a relative basis.
* Gold attempting to recover off the lows as DXY was sold following the inflation print. DXY higher again this morning.
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