Daily Market Commentary: 20 July 2016

Today we are taking a look at:

  • EM inflation expectations trend lower along with SA, EM real rates likely to pause at current levels
  • Rand recoups losses from late session to trade back around R14.35/$, euro range bound ahead of ECB, dollar generally stronger
  • Top 40 trades off session lows, S&P marginally lower offset by higher Dow, Asian markets mixed this morning
  • IMF downgrades global growth forecast; US housing activity upbeat; Eurozone sentiment indicators deteriorate sharply; UK CPI firmer in June
By | 2017-03-02T20:54:44+02:00 July 20th, 2016|Investment Banking, Markets and Research|0 Comments

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