Daily Market Commentary: 9 January 2017

Today we are taking a look at:

  • US NFP lower, in line with ADP, surprise uplift from manufacturing; US trade deficit widens on lower exports, China still largest trade partner, policy risks of incoming administration; factory orders and durables spending still indicate weakness in investment
  • Rand slides through non-committal session on Friday as NFP does little to move needle on majors
  • Top 40 closes stronger on Friday, US markets higher but Asia mostly flat this morning
  • German retail sales softer in November, factory orders weaken after prior surge; Eurozone confidence remains upbeat with widespread improvement, retail sales marginally softer, Chinese reserves marginally above $3trn
By | 2017-03-02T20:54:06+02:00 January 9th, 2017|Uncategorized|0 Comments