Daily Market Commentary: 29 July 2016

Today we are taking a look at:

  • SA employment data points to entrenched structural unemployment and burgeoning discouraged workers, combined with rising youth unemployment
  • Rand strengthens overnight, majors benefit off marginal trade weighted dollar weakness
  • Top 40 down 1 % yesterday, US markets end off session lows, Asia negative as BOJ underwhelms
  • US labour market upbeat despite marginal uptick in jobless claims; business confidence in the Eurozone propped up despite lower consumer confidence; SA PPI rises; BOJ disappoints with stimulus, economic data sharply lower
By | 2016-07-29T11:01:54+02:00 July 29th, 2016|Investment Banking, Markets and Research|0 Comments