South African futures reached a fresh high on Monday, tracking the local bourse, which broke through the psychologically important 58,000-point level for the first time. Major US equity markets also opened at record intraday highs, as investors focused on more than 200 companies set to report quarterly results during the next several sessions, reported Dow Jones Newswires. Global markets were broadly lifted on Monday after Chinese producer inflation came in above expectations, with the latest release showing the world’s second-largest economy was defying some expectations of a cool-down. Producer inflation shot up to 6.9% year on year in September, compared with a Trading Economics forecast of 6.3%. Several geopolitical risk events take place this week, including an ultimatum by the Spanish government to Catalonia to drop independence plans by Thursday, or face a possible take-over by central government. US President Donald Trump’s threats to pull out of a recent nuclear deal with I...
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