Daily Market Commentary: 3 November 2016

Today we are taking a look at:

  • ZAR crosses resilient, recent political events support a stronger rand, likely to maintain strength barring no negative local developments
  • Rand trades stronger on the back of the political saga, dollar on back foot ahead of Fed, eyes on NFP this week and election next week
  • Top 40 slumps 1.37%, led by energy and resource stocks; US equities decline amid continued anxiety over US elections; Asian markets consequently negative this morning
  • US Fed, ADP payrolls disappoint; Eurozone PMI firmer, boosted by weaker euro and higher export orders
By | 2020-03-17T10:04:17+02:00 November 3rd, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments