Daily Market Commentary: 22 September 2016

Today we are taking a look at:

  • SA CPI in line with forecasts, lower transport inflation eases CPI profile, food inflation remains elevated
  • USDZAR strengthens to R13.54/$ this morning; dollar weakens after Fed, global majors supported this morning
  • Top 40 slumps 1.29%, led by industrials and financials; US equities upbeat after Fed leaves rates unchanged; Asian markets follow positive this morning
  • UK budget posts deficit in August; Fed on hold for now but leaves door open to December hike
By | 2020-03-17T10:05:17+02:00 September 22nd, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments