Analyst Thoughts: Pre-Market Europe/Mid-Session Asia - 13 July

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* 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.

Feragatname

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