Daily Market Commentary: 11 October 2016

Today we are taking a look at:

  • EM currency performance remains mixed, tied to local political and economic developments
  • USDZAR 15-cents weaker this morning, R13.75/$ poses near-term rand resistance; Global majors weaker on the back of dollar strength
  • Top 40 flat, gains in resource and energy stocks offset by losses in financials and industrials; US equities upbeat in thin liquidity; Asian markets follow positive this morning
  • German trade surplus widens while CA surplus narrows, Eurozone investor confidence rises; Japanese trade surplus widens, primary incomes rise pushing current account surplus higher

SA foreign flows – a worrying signal as bond market posts sharp outflows of foreign capital

By | 2020-03-17T10:04:27+02:00 October 11th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments