Daily Market Commentary: 2 February 2017

Today we are taking a look at:

  • Global PMIs show marginal improvement as demand rises, SA PMI surges as a result of resurgent business activity
  • Rand maintains composure in range bound market, little direction from FOMC and market  now eyes NFP data
  • Top 40 rises by 0.62%, led by resource stocks; US equities marginally higher post FOMC; Asian markets mostly negative this morning
  • US ADP payroll gains exceeds expectation, FOMC statement strikes a hawkish tone, Fed sees inflation at 2% this year
By | 2020-03-17T09:57:50+02:00 February 2nd, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments