Daily Market Commentary: 2 December 2016

Today we are taking a look at:

  • Global PMI’s marginally better in November, reflecting some seasonal uptick in manufacturing activity, SA PMI remains in contraction
  • Dollar on the back foot this morning, supporting global majors; USDZAR weaken yesterday, markets cautious ahead of S&P review today
  • Top 40 slumps 0.64%, led by widespread losses; US equities mixed, with Dow outperforming; Asian markets negative this morning
  • SA new vehicle sales continue contraction as consumers unwilling and unable to spend; US jobless claims rise
By | 2020-03-17T10:03:22+02:00 December 2nd, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments