Daily Market Commentary: 16 March 2017

Today we are taking a look at:

  • US CPI rises, retail sales shows seasonal slowdown, and FOMC meeting mildly dovish as Fed seeks to tame market expectations of future rate hikes
  • Dollar weakens sharply after cautious Fed, supporting global and EM FX, USDZAR at R12.83/$ this morning
  • Top 40 flat; gains in resources offset by losses in industrials; US and global equities sharply higher after Fed
  • UK unemployment rate falls for 4th consecutive quarter; SA retail sales slumps sharply in Jan, and business confidence still net negative
By | 2020-03-17T09:50:13+02:00 March 16th, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments

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