Daily Market Commentary: 18 October 2016

Today we are taking a look at:

  • SA CDS is the highest among EM peers amid rising political risk and social tensions, limited growth prospects and an upcoming credit rating review
  • Dollar index weakens, global majors supported as a result; consequently, USDZAR  25-cents stronger
  • Top 40 slumps, led by industrials and resources; US equities negative despite positive economic data; Asian equities upbeat this morning
  • US industrial production growth marginally better in September, but flat over Q3
  • SA foreign flows posts sharp outflow last week amid risk aversion and political turmoil
By | 2017-03-02T20:54:25+02:00 October 18th, 2016|Markets and Research|0 Comments