Daily Market Commentary: 8 November 2016

Today we are taking a look at:

  • US elections may cause volatility in the currency and bond yield to remain high, elections remain a close call for both Trump and Clinton
  • Dollar maintains strength, global majors downbeat, USDZAR strengthen into local close, but weakens marginally this morning
  • Top 40 rises 1.42%, led by widespread gains; US equities sharply higher on the back of election sentiment, Asia follows positive this morning
  • US LMCI rises, consumer credit eases; Eurozone retail sales and investor confidence upbeat; Chinese trade surplus widens in October
  • Foreign flows post another outflow last week, driven by bonds
By | 2020-03-17T10:04:13+02:00 November 8th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments