Daily Market Commentary: 1 December 2016

Today we are taking a look at:

  • SA trade balance shifts into deficit in October as exports slump, imports rise, deficit likely to deteriorate into year-end
  • Rand falters as short term optimism eased amid economic data, euro weighed by upcoming Italian referendum, eyes on NFP tomorrow
  • Top 40 rises 0.2%, led by resource and energy stocks; US equities flat to negative despite sharp rallies in energy stocks; Asian markets sharply higher this morning due to oil and gas stocks rallying
  • US private payrolls surge in November, PCE rising; Eurozone CPI rises on higher food prices
By | 2017-03-02T20:54:08+02:00 December 1st, 2016|Markets and Research|0 Comments