Daily Market Commentary: 27 July 2016

Today we are taking a look at:

  • R186 yield pauses, possible sell-off in near term may push yield to 9.25 % while foreign appetite for bonds likely to keep yield low over the medium term
  • Despite weakening into the local close, USDZAR is 10-cents stronger this morning; global majors range-bound, USDJPY weaken by 2 %
  • Top 40 rises by 0.52 %, led by resources; US markets end flat ahead of FOMC meeting today; Asian markets mixed this morning
  • US house price growth eases; Consumer confidence marginally lower, new home sales rises
By | 2017-03-02T20:54:44+02:00 July 27th, 2016|Markets and Research|0 Comments