Daily Market Commentary: 6 July 2017

Today we are taking a look at:

  • A muted reaction to the Fed minutes as the risk sell-off takes a pause
  • Local political headlines take the limelight
  • Oil rebounded from the biggest daily loss in four weeks; Gold steady after Fed minutes showed a lack of consensus
  • The JSE bounced back with Naspers gaining 1.6%; European markets were choppy, eventually marginally higher ahead of the release of the Feds FOMC minutes while geopolitical concerns added to the tension. U.S. markets posted small gains on the back of technology stocks while energy counters lagged; Asia is mostly lower this morning trading cautiously ahead of US Jobs data
DailyMarketCommentary170706
By | 2017-07-06T09:03:02+02:00 July 6th, 2017|Markets and Research|0 Comments

Leave A Comment