Daily Market Commentary: 22 July 2016

Today we are taking a look at:

  • SARB MPC keeps repo rate unchanged in unanimous decision, but growth forecast significantly lower for 2016
  • Rand sustains momentum throughout session, pushed to new session low post MPC, majors range bound as ECB holds back for now
  • Top 40 closes marginally up as resource rebound countered by soft industrials and financials, US markets lower overnight as some earnings disappointed, negative momentum in Asia this morning
  • US data marginally positive, leading index ticks higher; ECB leaves interest rate and asset purchase programme unchanged; UK retail sales growth falters
By | 2020-03-17T10:05:44+02:00 July 22nd, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments