Daily Market Commentary: 18 May 2017

Today we are taking a look at:

  • SA retail sales surprises to the upside, led by food and beverage sales, low base and seasonal effects buoys sales in March
  • USDZAR remains vulnerable to global factors, dollar remains on the back foot
  • The JSE closed mixed with Naspers pushing the Top40 higher on strong results from Tencent while European and U.S. markets closed sharply lower. Asian markets have joined the global sell off on the back of increased global volatility
  • UK unemployment rate falls, reducing slack in the economy; Eurozone CPI rises sharply due to services inflation; Japanese GDP growth rises in Q1, led by domestic demand
DailyMarketCommentary170518
By | 2017-05-18T08:37:09+02:00 May 18th, 2017|Markets and Research|0 Comments

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