Daily Market Commentary: 31 March 2017

Today we are taking a look at:

  • SARB leaves interest rate unchanged but sounds mildly hawkish, CPI forecasts downwardly revised while the growth forecast was upwardly revised
  • USDZAR weakens substantially overnight as cabinet reshuffle and Gordhan removal materialises; Dollar firmer, global majors on the back foot
  • Top 40 sheds 0.41%, led by health care stocks; US equities closed firmer, Asian markets mostly lower this morning
  • US Q4 GDP finalised at 2.1%; SA PPI eases as most underlying subcomponents decelerate
By | 2020-03-17T09:54:02+02:00 March 31st, 2017|Investment Banking, Markets and Research, Uncategorized|0 Comments

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