Daily Market Commentary: 3 October 2016

Today we are taking a look at:

  • SA trade balance deteriorates sharply in August as imports surge, budget balance supported on the back of higher tax revenues in August
  • Rand recoups losses after pushing to R14.07/$ intraday, currently R13.75/$, greenback surge intraday pressured most majors including EURUSD before settling relatively unchanged
  • Top 40 closes stronger for 5th consecutive session, US markets stronger on possible Deutsche deal, Asia positive

US data disappoints, but sentiment indicator still rises; UK GDP growth upwardly revised for Q2, current account deficit widens; Eurozone inflationary pressures benign despite marginal uptick in September

By | 2020-03-17T10:04:36+02:00 October 3rd, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments