Daily Market Commentary: 10 January 2017

Today we are taking a look at:

  • ZAR poised for further strength in the near term, possible upside risks over the medium term
  • Dollar weaker this morning, supporting global majors; USDZAR strengthens to R13.62/$ this morning
  • Top 40 declines 0.34%, led by resources; US equities mostly negative; Asian markets mixed this morning
  • German data upbeat; Eurozone investor confidence rises, unemployment rate unchanged; SA new vehicle sales continues to contract; US consumer credit rises sharply, led by credit card usage; Chinese PPI surges in December
  • SA markets manage to attract small positive inflow of foreign capital last week
By | 2020-03-17T10:01:57+02:00 January 10th, 2017|Investment Banking, Markets and Research|0 Comments