Daily Market Commentary: 28 October 2016

Today we are taking a look at:

  • UK GDP posts upside surprise in Q3, led by services sector, likely to reflect subdued growth over medium term due to Brexit
  • Dollar rebound in NY, global majors weaker as a result; USDZAR bucks trend, strengthens to R13.85/$ this morning
  • Top 40 slumps 0.93%, led by widespread losses; US equities closes in the red; Asian markets mixed this morning
  • SA PPI surprises to the downside; US durable goods orders contract, low capital investment
By | 2020-03-17T10:04:19+02:00 October 28th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments