Daily Market Commentary: 9 December 2016

Today we are taking a look at:

  • SA mining and manufacturing production contracts sharply in October, due to subdued demand
  • Dollar rally led by a sharp decline in the euro after ECB comments; global majors weaker across the board; USDZAR and EM currencies downbeat as a result
  • Local markets end up over 2%, US markets close higher across the board, Asia mixed this morning
  • BER consumer confidence marginally better in Q3; US jobless claims eases off last week; ECB leaves rates unchanged, extends QE to Dec 2017; Chinese inflation ticks higher with PPI well ahead of expectations
By | 2020-03-17T10:03:15+02:00 December 9th, 2016|Investment Banking, Markets and Research, Uncategorized|0 Comments