Daily Market Commentary: 4 January 2017

Today we are taking a look at:

  • PBOC includes ZAR and 10 additional currencies in the trade-weighted RMB index, supporting ZAR in the near term
  • USDZAR weaken on thin liquidity but claws back to R13.75/$ this morning; Dollar remains resilient, global majors remain on the back foot
  • Top 40 rises 0.82%, led by resource stocks; US equities upbeat; Asia follows positive this morning
  • Global manufacturing PMIs marginally better in December, led by Europe and the US
  • Limited liquidity and short week reels in marginal inflow last week
By | 2020-03-17T10:03:09+02:00 January 4th, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments