Daily Market Commentary: 31 January 2017

Today we are taking a look at:

  • US spending remains resilient, incomes lag marginally, PCE deflator shows slowly building inflation pressures
  • Rand slips as local headlines drive caution, majors watch developments in the new Trump adminsitration
  • Top 40 -0.6% in market dominated by the rand, US markets firmly negative leading Asia lower
  • Foreign flows remain on the back foot as sentiment remains weak and risk aversion dominates domestic backdrop
  • Eurozone confidence remains resilient, German CPI close to 2% target, SA Budget balance in surplus for December
By | 2020-03-17T09:57:55+02:00 January 31st, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments