Daily Market Commentary: 9 November 2016

Today we are taking a look at:

  • Shock Trump lead catalyses major global risk off event, pressuring EM FX and risk assets
  • The dollar moved sharply weaker overnight, global majors stronger, but EM currencies slump; risk-off results in a sharply weaker USDZAR this morning
  • US equities upbeat ahead of the vote-count; Asian equities sharply weaker this morning on the back of a risk-off sell-off; Top 40 up 0.81%, led by widespread gains
  • UK industrial production growth eases; German data positive, current account surplus widens; Asian data upbeat this morning
By | 2020-03-17T10:04:11+02:00 November 9th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments