By Leigh Riley, Johannesburg
In a shortened trading week, the JSE all-share index is trading up 1.1% in morning trade following stronger Asian markets this morning.
Top movers are in the financial sector, which is up 1.35% with resources still lagging being up only 0.4%.
There is little to no company news today with the main focus on economic data out of the UK and US in the week with CPI data tomorrow and PMI data on Wednesday and the US non-farm payrolls on Friday.
In the forex market, the Rand has weakened against the majors, with the Rand trading at R12.09 to the Dollar. R13.12 to the Euro, and R17.95 to the British Pound.
With resource stocks floundering again you would have guessed that commodity prices have weakened, Gold has dropped by over a percent and is trading at $1,187.5 per ounce, Platinum at $1,128.80 an ounce and finally Brent Crude off over 1 and a half percent at $55.55 per barrel.
Chart of the day
Our chart of the day today is on Telkom SA following the breakout of the consolidation in the share price in line with the preceding trend. Traders favouring the bias to the upside will be targeting R84.55 as their target with those who missed the initial opportunity to buy on the breakout looking for a pullback to what will constitute new support at R79.20 as a renewed buying opportunity.

      Telkom SA Ltd