Daily Market Commentary: 27 July 2017

Today we are taking a look at:

  • The FED gives risk a bid and SA rallies overnight, SAGBs yet to trade but re-mark bull steeper on the open, down at the recent lows
  • FOMC disappoints, which sees dollar firmly on the back foot
  • Brent pauses after rally this week, but remains elevated, gold declines as the dollar strengthened
  • The JSE posted best gains for the week,  European markets gained for a second session due to higher oil prices; U.S. markets ended at record; Asian markets are mostly higher
  • UK GDP in line with consensus in Q2; US data upbeat and Fed FOMC signal balance sheet tapering relatively soon
By | 2017-07-27T08:33:17+02:00 July 27th, 2017|Markets and Research|0 Comments

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