Daily Market Commentary: 10 August 2017

Today we are taking a look at:

  • Foreign capital outflows persist in the bond market, with marginal local buying over the past day
  • Markets express their disappointment in political situation, USDZAR elevated at R13.44/$ this morning
  • Oil futures rose in early Asian trading adding to gains from the previous session, Gold holds near two-month high
  • The JSE was closed yesterday while global stocks traded lower as geopolitical tensions between the US and North Korea reduced investor sentiment increasing demand for safe haven assets
  • SACCI business confidence marginally higher in July; Chinese CPI eases, US inventories and sales surge in June
By | 2017-08-10T10:12:03+02:00 August 10th, 2017|Markets and Research|0 Comments

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