Daily Market Commentary: 5 August 2016

Today we are taking a look at:

  • BOE bank rate cut, asset purchase programme extended, economic outlook worsens, but CPI upwardly revised
  • USDZAR strengthens further on the back of positive election sentiment; majors weaker on the back of a stronger dollar
  • Top 40 ends flat; US equities marginally higher, European equities boosted due to BOE stimulus; Asian markets consequently higher this morning
  • US jobless claims rise, business spending patterns a concern, ECB Economic Bulletin: ECB stresses downside inflation and growth pressures, says ECB willing to act if needed
By | 2017-03-02T20:54:43+02:00 August 5th, 2016|Markets and Research|0 Comments