Daily Market Commentary: 4 August 2016

Today we are taking a look at:

  • US consumer spending patterns improve, however inflation downbeat, employment remains upbeat
  • USDZAR strengthens overnight, back below R14.00/$ this morning, dollar stronger, global majors downbeat as a result
  • Top 40 slumps 1.2 % on Tuesday, led by telecoms; US equities upbeat yesterday, led by energy stocks, and Asia mostly firmer this morning
  • Eurozone PPI still in deflation, retail sales growth unchanged in June

 

By | 2016-08-04T13:36:10+02:00 August 4th, 2016|Markets and Research|0 Comments