Daily Market Commentary: 7 December 2016

Today we are taking a look at:

  • SA GDP disappoints as manufacturing represents key drag in Q3, most sectors deteriorated in Q3, while investment continues to contract
  • Dollar subdued but marginally stronger, hence global majors trade with a weak bias; USDZAR continue strengthening, traded below R13.60/$ intraday
  • Top 40 slumps 1.78%, due to widespread losses across the bourse; Global equities upbeat, consequently Asia positive this morning
  • Eurozone Q3 GDP growth affirmed at 0.3%, led by consumer spending; US data mixed – trade deficit surges while factory orders rise
By | 2020-03-17T10:03:19+02:00 December 7th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments