Daily Market Commentary: 29 September 2017

Today we are taking a look at:

  • SAGB open unchanged, liquidity remains thin as the ZAR is still on the back foot
  • Dollar remains elevated, majors remain weak, emerging market currencies under pressure while the rand maintains break out of the medium term pivot
  • Gold still on a down-trend as bargain buying drops; Brent still elevated as a result of OPEC
  • The JSE ended the day lower, while European markets closed higher for the sixth consecutive session. US markets closed marginally higher with the S&P closing at another record high.  Asian markets are trading mostly firmer this morning
  • SA sees private sector turnover rebounding in Q2, but investment continues to slump; SA PPI rise due to higher petrol costs; Eurozone confidence indicators improve in September; US GDP third revision surprises to the upside; Japanese data upbeat this morning
DailyMarketCommentary170929
By | 2017-09-29T08:53:48+02:00 September 29th, 2017|Markets and Research|0 Comments

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