Daily Market Commentary: 26 October 2016

Today we are taking a look at:

  • EM equities remain key outperformer, due to stronger EM FX for the YTD, Top 40 trends within declining channel, RESI 20 posts sharp rebound this year
  • Global majors recover from early declines  as dollar weakens in the US trading session, USDZAR moved 10-cents stronger yesterday
  • Top 40 closes marginally higher on the back of resource stocks; US equities closes in the red due to lower oil price; Asian markets consequently negative this morning
  • US housing market recovery remains intact; German sentiment indicators improve in October
By | 2017-03-02T20:54:24+02:00 October 26th, 2016|Markets and Research|0 Comments