Daily Market Commentary: 5 January 2017

Today we are taking a look at:

  • Top 40 and ALBI provide superior returns in dollar terms in 2016, prompted by a strong rand exchange rate, while rand-based returns lag
  • Dollar softer despite hawkish FOMC minutes, lends support to EM FX and other majors
  • Top 40 closes down 0.67%, US markets jump at open, sustain highs, Asia ex Japan mostly positive this morning
  • US FOMC minutes signal more aggressive rate hikes on the back of fiscal policy expectations; Eurozone inflation beats expectations; UK consumer credit and money supply growth upbeat
By | 2020-03-17T10:03:08+02:00 January 5th, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments