Daily Market Commentary: 29 November 2016

Today we are taking a look at:

  • Gold price in bear trend as aggregate open interest slumps and physical demand for gold declines
  • Dollar remains resilient, weighing on global majors; USDZAR equally resilient, strengthening to R13.70/$ in Asia
  • Top 40 sheds 1.34%, led by resources and industrial stocks; US equities negative; Asian markets follow downbeat this morning
  • Eurozone M3 money supply growth slumps in October; Japanese data mixed this morning
  • SA foreign flows continue to decline, led by equities last week
By | 2020-03-17T10:03:25+02:00 November 29th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments