Daily Market Commentary: 2 August 2016

Today we are taking a look at:

  • Global manufacturing conditions worsen, SA PMI remains in expansion, but deteriorates
  • USDZAR holds below R14.00/$, global majors range-bound, dollar marginally stronger
  • Top 40 rises 0.51 %, led by financials; Global equities broadly lower, US markets negative, Asia mixed this morning
  • SA vehicle sales slumps 17 % y/y in July, exports post marginal increase
  • Foreign flows post another disappointing week of outflows; JSE data errors are a concern
By | 2017-03-02T20:54:43+02:00 August 2nd, 2016|Markets and Research|0 Comments