Daily Market Commentary: 16 November 2016

Today we are taking a look at:

  • Copper price surges as markets anticipate greater demand for the metal, gold-copper ratio slumps, LMEX sharply higher
  • USDZAR strengthens to R14.15/$ this morning; USD remains volatile but weaker this morning therefore supporting the sterling and euro
  • Top 40 declines by 0.87%, led by resource stocks; US equities positive, Asian markets follow upbeat this morning
  • US retail sales growth eases; UK CPI still below target but PPI surges; Eurozone GDP growth remains benign in Q3
By | 2017-03-02T20:54:10+02:00 November 16th, 2016|Mining and Resources|0 Comments