Daily Market Commentary: 23 November 2016

Today we are taking a look at:

  • Despite a higher unemployment rate, Quarterly Labour Force Survey shows a bigger labour force, higher employment, labour absorption and participation rates
  • USDZAR strengthen to R14.05/$ this morning; Dollar remains strong but volatile, global majors weak this morning
  • Top 40 rises 0.92%, led by financials and industrials; Global equities upbeat, US markets positive ahead of FOMC minutes today; Asian equities follow positive this morning
  • US existing home sales rises; UK budget deficit narrows as receipts surge; Eurozone consumer confidence upbeat in November
By | 2020-03-17T10:03:30+02:00 November 23rd, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments