Daily Market Commentary: 1 August 2016

Today we are taking a look at:

  • Trade balance remain in surplus, likely to support current account balance in 2016
  • USDZAR strengthens, breaks below R14.00/$; global majors supported on the back of a weaker dollar
  • Top 40 sheds 1 %, led by resources; US equities firmer; Asian markets positive this morning
  • US GDP growth rises, Eurozone GDP growth slows , UK M4 money supply surges
By | 2017-03-02T20:54:43+02:00 August 1st, 2016|Markets and Research|0 Comments