Daily Market Commentary: 17 August 2017

Today we are taking a look at:

  • Foreign flows lacklustre, R37 million outflow from bond market yesterday
  • Rand strength dominates, upbeat against crosses; dollar on the back foot this morning
  • Gold remains lacklustre, while oil remains resilient above $50/bbl.
  • The JSE returned to gains; European markets extended their recent winning streak; US markets traded marginally higher as weaker energy shares limited gains and Asian shares are mixed this morning
  • SA retail sales growth surprises to the upside; US housing data disappoints, FOMC minutes shows divide among policymakers; Eurozone recovery seems on track; Japanese data upbeat this morning
By | 2017-08-17T09:28:54+02:00 August 17th, 2017|Markets and Research|0 Comments

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