Daily Market Commentary: 13 December 2016

Today we are looking at:

  • Brent surges after non-OPEC countries agree to cut output further, led by Russia, however global and US oil rig activity rises in anticipation of a higher oil price
  • Dollar weakens ahead of Fed tomorrow; global majors and EM currencies supported, USDZAR strengthens to R13.60/$
  • Top 40 eases 0.74%, led by financials and industrials; US equities close mixed but Dow posts another record high; Asian markets mostly negative this morning
  • Chinese economic data surprisingly better this morning; US budget deficit widens in November
  • SA Foreign flows post first weekly inflow in 7 weeks, led by equities
By | 2017-03-02T20:54:07+02:00 December 13th, 2016|Markets and Research|0 Comments