Daily Market Commentary: 13 July 2016

Today we are taking a look at:

  • SA manufacturing production growth surprises to the upside, however outlook for domestic economy remains negative.
  • ZAR sustains gains as global risk on remains a theme, drifts weaker in Asian session, euro fails to sustain intraday gains, remains range bound, sterling stronger as new Prime Minister set to assume office, yen continues slide.
  • Top 40 +0.82 % in line with global rally, US markets pushed to another record, Asia upbeat on stimulus expectations.
  • US wholesale inventories run down by rising demand, JOLTS job openings below expectations; Japanese industrial production revised lower and impacted by sluggish demand, Suga indicates that ‘helicopter money’ not being considered.
By | 2017-03-02T20:54:45+02:00 July 13th, 2016|Investment Banking, Markets and Research, Mining and Resources|0 Comments

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