Daily Market Commentary: 27 September 2017

Today we are taking a look at:

  • SAGBs weakened yesterday as offshore outflows, coupled with some auction overhang weighed on the street
  • Dollar strengthens, weighing on majors, rand remains weak
  • Gold falls on profit-taking; Brent remains elevated despite no extension recommendation from OPEC
  • The Top40 tracked Asian markets lower to close down 1.50%, while markets in Europe and the US closed little changed.  Asian markets are trading mixed this morning
  • US data shows falling home inventories keeping house prices high; SA’s leading indicator rises in July
  • Outflows of foreign capital from SA equity market persists, on-going support for SAGBs limits outflow
DailyMarketCommentary170927
By | 2017-09-27T09:51:36+02:00 September 27th, 2017|Markets and Research|0 Comments

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