Daily Market Commentary: 7 September 2017

Today we are taking a look at:

  • Foreign flow activity slows yesterday; 186s and 2032s the outperformers on the day. Small outperformance in bonds, with the 10y better bid
  • Despite disappointing local business confidence data USDZAR continues to post gains.
  • Both gold and oil remain elevated on the back of geopolitical risks
  • The JSE traded lower for a fourth session; European markets were supported by a rally in the automotive sector. U.S. markets rallied as Trump agreed to support increasing the debt ceiling; Asian markets are up this morning as focus shifts off tensions with North Korea.
  • SA business confidence at a 32-year low; Fed beige book sees modest growth in the US
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By | 2017-09-07T09:43:10+02:00 September 7th, 2017|Markets and Research|0 Comments

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