Daily Market Commentary: 12 October 2016

Today we are taking a look at:

  • SA manufacturing production growth beats consensus, but monthly growth rate slumps, possible drag to Q3 growth
  • USDZAR sharply weaker after NPA announcement; euro and sterling weaker against the USD; yen stronger this morning
  • Top 40 up 0.62%, led by energy and resource stocks; US equities sharply lower ahead of FOMC minutes today; Asian markets consequently negative this morning
  • Eurozone sentiment indicators upbeat, despite on-going Brexit woes; US LMCI declines on the back of recent labour metrics deteriorating
By | 2017-03-02T20:54:25+02:00 October 12th, 2016|Markets and Research|0 Comments