Today we are looking at:

  • SA retail sales sharply lower in October, CPI rises in line with consensus in November, transport inflation is the key driver of higher prices recently
  • Hawkish Fed leads EM FX weaker with rand above R14.00/$, majors weaker with thin liquidity exacerbating the moves
  • Top 40 -0.27% with focus on close out and index rebalancing today, US markets slump after hawkish Fed, Asia generally weaker
  • UK unemployment rate steady, but labour market reflects strain recently; Eurozone industrial production eases; US data disappoints and FOMC raises rates; Chinese money supply growth edges lower but credit extension remains elevated

Please note that this will be our last publication for 2016. We will resume the Daily Market Commentary on 4 January 2017. Wishing all our readers well over the festive period.