Black Friday Trading Report + Credit rating decisions
We can expect a flat to slightly firmer start. With no direction coming out of the US as a result of the holiday and traders most likely sitting on their hands ahead of the ratings review locally.
keep an eye on Tencent before the market open to get an idea of what is happening to Naspers
The expectation for the rating review after the bell today is that S&P500 will downgrade us further while Moodys is expected to hold tight for now. A downgrade by both agencies would see us being kicked out of the World Government Bond Index and this could have a dramatic affect on the Rand.
