Daily Market Commentary: 31 August 2017

Today we are taking a look at:

  • Marginal outflows recorded yesterday, dovish commentary from SARB overnight
  • Majors weaker as dollar rebounds, market focus now firmly on the US data tomorrow
  • Gold eases towards $1300/oz., oil sharply lower while gasoline prices continue to rise in the US as a result of the hurricane
  • The JSE closed lower for the third consecutive session taking its losses to a percent for the week. European markets gained as geopolitical tensions eased. Positive economic data helped US markets gain for a fourth session. Asian markets are mixed this morning
  • US data upbeat, GDP growth upwardly revised; SA experiences significant fiscal slippage as budget deficit widens in July; Eurozone confidence indicators upbeat in August
DailyMarketCommentary170831
By | 2017-08-31T08:06:44+02:00 August 31st, 2017|Markets and Research|0 Comments

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