Daily Market Commentary: 24 October 2016

Today we are taking a look at:

  • MTBPS preview: some fiscal drag is evident for the FYTD, growth and inflation forecast at risk of downward revision, debt outlook likely to deteriorate, revenue collection running under budget, while expenditures are running over budget
  • Rand holds around R14.00/$, key focus on MTBPS this week, majors watch Brexit news and Fed developments
  • Top 40 closes up 0.40%, US markets higher on M&A activity, Asia mixed this morning
  • UK public sector borrowing requirement remains elevated; Japanese trade data disappoints
By | 2020-03-17T10:04:22+02:00 October 24th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments