Daily Market Commentary: 4 November 2016

Today we are taking a look at:

  • Safe-haven demand reflective in gold, USDCHF and USDJPY, but global bond yields buck the trend due to central bank intervention
  • Dollar marginally stronger, global majors downbeat, sterling bucks the trend, surges on the back of political developments; USDZAR range-bound but remains strong
  • JSE ends session marginally lower, US markets down for 8th consecutive session on risk off, Asia mostly lower this morning taking a cue from the US
  • BOE leaves benchmark rate and asset purchase programme unchanged, UK court rules that ‘Brexit’ vote must be put to parliament; US data disappoints, business spending remains weak
By | 2020-03-17T10:04:16+02:00 November 4th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments