Daily Market Commentary: 10 November 2016

Today we are taking a look at:

  • Brent crude price declines recently, US and global oil rigs start to rise, along with crude inventories
  • USDZAR strengthen after sharp sell-off in Asia yesterday; global majors downbeat as USD recovers sharply in the local and Asian sessions
  • Top 40 rises 0.67%, led by health care and resource stocks; US equities sharply higher after Trump win was announced; Asian equities sharply higher this morning
  • US wholesale inventories remain high relative to sales; UK trade deficit widens as imports rise; SACCI business confidence marginally higher in October, Japanese money supply growth rises
By | 2017-03-02T20:54:10+02:00 November 10th, 2016|Markets and Research|0 Comments