Daily Market Commentary: 1 November 2016

Today we are taking a look at:

  • SA posts large trade surplus in September, but year to date performance revised lower due to revisions to gold exports
  • Rand builds on sharp gains amid NPA announcement, dollar loses ground in later session, eyes on state capture report locally
  • Top 40 sheds 0.65%,led by resources and industrials; US equities flat to marginally negative ahead of Fed FOMC tomorrow; Asian markets mostly positive this morning
  • US personal income and spending growth higher; Eurozone GDP growth unchanged in Q3; UK consumer credit and money supply growth lower in September
  • Foreign flows downbeat as a result of outflows from the bond market last week
By | 2017-03-02T20:54:24+02:00 November 1st, 2016|Markets and Research|0 Comments