Daily Market Commentary: 31 October 2016

Today we are taking a look at:

  • US GDP growth sharply higher in Q3, led by investment and consumer spending
  • Rand firmer on the back of dollar weakness, majors benefit from softer greenback, eyes on political developments locally and globally as well as FOMC and NFP this week
  • Top 40 down 0.63%, led by widespread losses; US equity markets closed lower; Asian markets mostly negative this morning
  • Eurozone business climate indicator rises in October; SA monthly budget deficit narrows; Japanese data disappoints this morning
By | 2017-03-02T20:54:24+02:00 October 31st, 2016|Markets and Research|0 Comments