Daily Market Commentary: 08 August 2016

Today we are taking a look at:

  • US jobs data surprise on the upside, trade deficit widens as imports surge, upbeat outlook for the US consumer
  • USDZAR maintains strength, at R13.70/$ this morning; majors weaken sharply as a result of the stronger dollar
  • Top 40 -0.32 %, led by energy and telecom stocks; US equities upbeat after positive employment data; Asian markets following on from US, positive this morning
  • Chinese trade surplus widens due to export slump;; Japanese current account boosted by trade surplus
By | 2017-03-02T20:54:43+02:00 August 8th, 2016|Markets and Research|0 Comments