Daily Market Commentary: 7 June 2017

Today we are taking a look at:

  • SA economy enters recession as all industries apart from mining and agriculture contracts, households remain extremely weak, along with confidence levels
  • Local GDP weighs heavily on local currency, dollar still subdued, supportive of majors
  • The JSE traded over a percent lower with sentiment muted after falling into a recession. European and U.S markets fell for a second session, as geopolitical concerns heightened. Asian markets are mixed this morning
  • Eurozone retail sales and investor confidence upbeat in Q2
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By | 2017-06-07T07:50:19+02:00 June 7th, 2017|Markets and Research|0 Comments

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