Daily Market Commentary: 20 October 2016

Today we are taking a look at:

  • SA CPI rises in September, on the back of higher surveyed transport costs, food inflation remains elevated
  • Dollar resumes strength, global majors are consequently weaker, however, USDZAR remains close to R13.90/$ this morning
  • Top 40 index rises 0.89%, led by industrial stocks; US equities upbeat and led by positive earnings reports; Asian markets follow positive this morning
  • SA retail sales disappoints; US housing data and Beige book commentary mixed; UK unemployment rate unchanged in August
By | 2017-03-02T20:54:24+02:00 October 20th, 2016|Markets and Research|0 Comments